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Posted AT 9:46 AM EDT on 14/05/08

Canadian Helicopters loss widens

The Canadian Press

MONTREAL — Canadian Helicopters Income Fund said Wednesday its pretax losses deepened to $2.4-million in the first quarter as costs rose primarily from higher employee compensation. The helicopter transportation services company said the loss in the latest quarter ended March 31 compared with a year-ago loss of $1.7-million. Revenue edged up to $25-million from $24.

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