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Company Information, Aerospace, Computing And Information Technology, Business

By The Associated Press | September 1, 2009

Bombardier Inc. (TSX:BBD.B) profit fell to US$202 million in its latest quarter as the aerospace division delivered fewer planes than it did a year earlier and profit margins shrank.

The Montreal-based company says its company’s profit, expressed in U.S. currency, was the equivalent of 11 cents per diluted share — down from 14 cents per share or $259 million for the second quarter last year.

Revenue totalled $4.9 million, about the same as last year.

Bombardier Aerospace’s revenues totalled $2.4 billion, down $100 million from a year ago.

That was offset by a $131-million increase in revenue at the company’s rail division, which had $2.5 billion in revenue during the quarter.

The company’s president says Bombardier has strong fundamentals and is focused on reducing costs in what he describes as a difficult economic environment.

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Filed Under: Aerospace + defense

 

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