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Oil and gas sector fuels profit jump: Wajax CEO

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Wajax Corp., the industrial and power system distributor, reported net income in the first quarter of $12.8 million, or 76 cents a share, compared with $8.9 million, or 53 cents a share, a year ago.

President and CEO Neil Manning tells BNN that strong activity in the oil and gas sector helped fuel the company’s profits.

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