CAE profits down in 2QFY2012

CAE revenue up 12% - financial highlights for three months ended 30-Sep-2011:

• Revenue: USD426.2 million, +11.7% year-on-year;
  • Civil training and services: USD117.1 million, +8.4%;
  • Civil simulation products: USD91.0 million, +47.0%;
• Operating profit: USD62.8 million, -7.1%;
  • Civil training and services: USD27.1 million, +16.9%;
  • Civil simulation products: USD14.5 million, +86.1%;
• Net profit: USD37.8 million, -1.8%;
• Backlog: USD3587 million, +14.0%;
• Total assets: USD3031 million, +9.4% when compared to period ended 31-Mar-2011;
• Cash and cash equivalents: USD223.3 million, -17.8% when compared to period ended 31-Mar-2011;
• Total liabilities: USD2054 million, +10.9% when compared to period ended 31-Mar-2011. [more - Original PR]

*Based on the conversion rate at USD1 = CAD1.01704

CAE: "Demand for our Civil aviation training products and services was strong in all regions this quarter and we signed a number of key contracts in defence, adding to our healthy CAD3.6 billion backlog", Marc Parent, President and Chief Executive Officer. Source: CAE, 10-Nov-2011.