Newspaper article The Canadian Press

CAE Reports Q2 Revenue Up, Profit Down Due to Restructuring Costs

Newspaper article The Canadian Press

CAE Reports Q2 Revenue Up, Profit Down Due to Restructuring Costs

Article excerpt

CAE reports Q2 profit down, revenue up

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MONTREAL - CAE Inc. (TSX:CAE) said Thursday revenue was up in its latest quarter but its profit was hurt by restructuring costs.

The flight simulator maker said its profit attributable to shareholders totalled $48.4 million or 18 cents per share for the quarter ended Sept. 30.

That compared with a profit of $68.8 million or 26 cents per share a year earlier.

Excluding restructuring and other one-time costs, CAE said it earned $55.5 million or 21 cents per share in the quarter compared with a profit of $47.7 million or 18 cents per share last year.

Revenue in what was the company's second quarter grew to $635.5 million compared with $616.8 million in the same quarter last year.

"We had good performance in the second quarter and we are tracking our full-year outlook for growth," CAE president and chief executive Marc Parent said in a statement. …

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