162805
162913


CAE Inc. reports second-quarter profit and revenue up

CAE profits take off

CAE Inc. says its second-quarter profit rose nearly 22 per cent from the same time last year as its civil aviation business led revenue growth.

The simulator and training company said it earned a profit attributable to shareholders of $73.8 million or 28 cents per share for the quarter, up from $60.7 million or 23 cents per share last year.

Revenue totalled $896.8 million, up from $743.8 million a year ago.

The growth came as revenue at CAE's civil aviation business rose 35 per cent compared with a year ago to $529.9 million, while revenue at its defence and security business totalled $336.5 million, up five per cent from a year ago.

Health care revenue was $30.4 million, the same as a year ago.

Analysts on average had expected a profit of 25 cents per share and $849.9 million in revenue, according to financial markets data firm Refinitiv.



More Business News

162602
162891
Data from CryptoCompare
Recent Trending
156434
Castanet Proud Member of RTNDA Canada
163835
Press Room
164045
162890