CAE reports $26.2M Q3 profit, down from $48.8M a year ago, revenue up
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $1.44 a week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $5.77 plus GST every four weeks. After 52 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 11/02/2022 (1575 days ago), so information in it may no longer be current.
MONTREAL – CAE Inc. says its profit in its latest quarter fell compared with a year ago as its revenue climbed higher.
The Montreal-based company says its net income attributable to equity holders fell to $26.2 million or eight cents per share for the quarter ended Dec. 31 compared with a profit of $48.8 million or 18 cents per share a year earlier.
Revenue in what was the company’s third quarter totalled $848.7 million, up from $832.4 million.
CAE says civil aviation training revenue was $390.1 million, down from $412.2 million a year earlier, while defence and security revenue was $426.5 million, up from $299.3 million. Health care revenue was $32.1 million, down from $120.9 million.
On an adjusted basis, CAE says it earned 19 cents per share for its most recent quarter, down from 22 cents per share a year earlier.
Analysts on average had expected an adjusted profit of 19 cents per share, according to financial markets data firm Refinitiv.
This report by The Canadian Press was first published Feb. 11, 2022.
Companies in this story: (TSX:CAE)