03-Jun-2011 10:26 AM
Jazz posts net income of CAD14.7 million in 1Q2011
Analysis
As with its US peers and mainline carriers, Chorus (dba Jazz) reported rising revenues of CAD443 million, up 24.7% from 1Q2010, resulting in net income of CAD14.7 million, down 10.6%. Also, as its peers did, the rising revenues came on falling profits since net income was CAD1.7 million lower than that posted in 1Q2010. Operating income rose 36.2% in the quarter to CAD21.6 million and the company also reported free cash flow rose 35.1% to CAD25.4 million.
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