Vector Aerospace Q1 earnings more than double
May 13th, 2009
Tue May 12, 2009 3:03pm EDT
By R. Manikandan
BANGALORE, May 12 (Reuters) – Canadian aviation repair company Vector Aerospace Corp’s (RNO.TO) quarterly profit more than doubled, helped by purchase of a British military helicopter repair company, and it forecast higher earnings in 2009, sending its shares up over 9 percent.
For the first quarter ended March 31, the company posted net income of C$9.2 million ($7.9 million), or 24 Canadian cents a share, up from C$3.9 million, or 10 Canadian cents a share, in the year-ago quarter.
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