CAE Inc. CAE-T reported its fourth-quarter profit rose compared with a year ago as its revenue climbed more than 30 per cent.
The flight simulator company says it earned net income attributable to equity holders of $98.4-million or 31 cents per diluted share for the quarter that ended March 31, up from $55.1-million or 17 cents per diluted share a year earlier.
Revenue in the quarter totalled $1.26-billion, up from $955.0-million in the same quarter last year.
The increase came as CAE says its civil revenue totalled $661.4-million in the quarter, up from $432.7-million a year earlier, while its defence and security revenue amounted to $536.0-million, up from $469.5-million. Health care revenue totalled $59.1-million, up from $52.8-million a year earlier.
On an adjusted basis, CAE says it earned 35 cents per share, up from an adjusted profit of 17 cents per share a year earlier.
Analysts on average had expected an adjusted profit of 34 cents per share, according to estimates compiled by financial markets data firm Refinitiv.