Local: Los Angeles, CA  (change)

 | 

Join the Topix community today: 

Sign Up

 | 

Sign In

Advertisment
Cascade

May 14, 2008

CAE profit up 20 per cent to $152.7M; revenue up 14 per cent to $1.42B

“Our profit margin has improved overall despite the foreign exchange headwind.”

- CAE Inc. (TSX:CAE) has reported a 20 per cent rise in full-year net profit to $152.7 million as revenue advanced 14 per cent to $1.42 billion.

Earnings in the flight simulator company's fourth quarter ended March 31 climbed to $35.6 million, compared with $34.3 million a year earlier.

Quarterly revenue was $366.6 million, up from $337.3 million in the fourth quarter last year. For the year, the sales compared to $1.25 billion in 2007, when earnings were $127.4 million.

Per-share earnings for the quarter were 14 cents, same as last year, while the annual profit rose to 60 cents per share from 51 cents per share in the prior year. Read more

Leave a Comment

Comments

Type in your comments to post to the forum
Name
(appears on your post)
Comments
Type the numbers you see in the image on the right:

Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Other Recent Cascade Discussions
Topic Updated Last By Comments
CAE expected to cash in on new international pi... (from Nov '07) Nov '07 cae or cgt 1