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Magellan Aerospace revenue down 4% in 1Q2011

3-Jun-2011 12:03 PM

Magellan Aerospace revenue down 4% – financial highlights for the three months ended 31-Mar-2011:

  • Revenue: USD174.6 million, -4.0% year-on-year;
    • Aerospace: USD158.4 million, -4.3%;
  • Gross profit: USD24.3 million, +12%;
  • Net profit: USD7.4 million, +90.7%. [more]

*Based on the conversion rate at CAD1 = USD1.02421