Mullen Group reports Q1 profit down from year ago as demand softens

The Mullen Group Ltd. logo is seen in this undated handout photo. THE CANADIAN PRESS/HO, Mullen Group *MANDATORY CREDIT*

OKOTOKS, Alta. - Mullen Group Ltd. reported its first-quarter profit fell compared with a year ago as it saw a softening in demand, accompanied by competitive market conditions.

Mullen Group chair and senior executive officer Murray Mullen says consumer demand continued to decline, capital investment was noticeably weaker and major project construction activity virtually ground to a halt.

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