CAE reports 'strong' results in 3QFY2017

CAE revenue up 11% – financial highlights for three months ended 31-Dec-2016:

• Revenue: CAD682.7 million (USD511.3 million), +10.8% year-on-year;
• • Civil Aviation Training Solutions: CAD412.8 million (USD309.2 million), +23.3%;
• Total segment operating profit: CAD101.4 million (USD75.9 million), +17.1%;
• • Civil Aviation Training Solutions: CAD71.2 million (USD53.5 million), +29.1%;
• Operating profit: CAD98.6 million (USD73.9 million), +16.5%;
• Net profit: CAD69.3 million (USD51.9 million), +21.8%;
• Total assets: CAD5171 million (USD3873 million);
• Cash and cash equivalents: CAD416.8 million (USD312.2 million);
• Total liabilities: CAD3145 million (USD2356 million). [more - original PR]

*Based on the average conversion rate at CAD1 = USD0.748986

CAE: "Our strong performance in the third quarter was led by Civil, with robust growth and order activity, and higher utilisation of our training centres,” Marc Parent, President and CEO. Source: Company statement, 14-Feb-2017.