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Technicians examine a part of Dextre, the two-armed Special Purpose Dexterous Manipulator, made by MDA (NATHAN DENETTE/Nathan Denette/CP)
Technicians examine a part of Dextre, the two-armed Special Purpose Dexterous Manipulator, made by MDA (NATHAN DENETTE/Nathan Denette/CP)

MDA books $84.5-million profit Add to ...

MacDonald Dettwiler and Associates Ltd. said Tuesday it earned $84.5-million, boosted by the sale of the company's property information business.

The company said the profit amounted to $2.05 per share for the quarter ended March 31 compared with a profit of $28.1-million or 69 cents per share a year ago.

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Revenue at MDA, which is best known for its robotic and satellite technology, totalled $206.5-million, up from $152.3-million.

The company's property information business, which operated mostly in the United States and Europe, sold data derived from satellite mapping and other means to real estate agents, banks, home buyers, governments and others.

MDA signed a deal late last year to sell it to a U.S. private equity firm for $850-million. The company said it would use money from the sale to help diversify its business.

Excluding discontinued businesses, MDA said it earned $28.2-million, or 69 cents per share, for its latest quarter compared with a profit of $19.1-million, or 47 cents per share, a year ago.

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