The CAE logo is seen in front of the aerospace company’s plant, Thursday, July 21, 2022 in Montreal. THE CANADIAN PRESS/Ryan Remiorz
MONTREAL – CAE Inc. reported its second-quarter profit and revenue rose compared with a year ago.
The flight simulator company says it earned net income attributable to equity holders of $58.4 million or 18 cents per share for the quarter ended Sept. 30.
The result compared with a profit of $44.5 million or 14 cents per diluted share in the same quarter last year.
Revenue for the three-month period totalled $1.09 billion, up from $993.2 million.
On an adjusted basis, CAE says it earned 27 cents per share, up from an adjusted profit of 19 cents per share a year earlier.
Last month, CAE announced a deal to sell its health-care business to U.S. company Madison Industries for $311 million.
This report by The Canadian Press was first published Nov. 14, 2023.
Companies in this story: (TSX:CAE)
