Flight simulator and training service provider sold 50 full flight simulators (FFS) during its 2017 fiscal year, the Canadian company reported in its annual and fourth-quarter results released May 31.
For its full fiscal year, ended March 31, CAE posted net income of C$252 million ($186 million) on revenue of C$2.7 billion. Revenue grew 8% year-on-year. Net income before special items was C$28 million, a 20% increase over fiscal 2016.
For the 2017 fiscal fourth quarter, CAE reported revenue of C$734.7 million, a 2% increase, on net income of C$67.4 million, and C$82.4 million before special items.
Fourth-quarter civil business revenue was C$417.8 million, up 6%, and operating income was C$83.8 million, up 12% compared to the fourth quarter last year.
The civil business booked a record $1.7 billion in orders during the year, including 50 FFS sales and long-term training agreements with airlines including Vietnam Airlines and Jet Airways.
31/05/17 Karen Walker/ATWonline
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For its full fiscal year, ended March 31, CAE posted net income of C$252 million ($186 million) on revenue of C$2.7 billion. Revenue grew 8% year-on-year. Net income before special items was C$28 million, a 20% increase over fiscal 2016.
For the 2017 fiscal fourth quarter, CAE reported revenue of C$734.7 million, a 2% increase, on net income of C$67.4 million, and C$82.4 million before special items.
Fourth-quarter civil business revenue was C$417.8 million, up 6%, and operating income was C$83.8 million, up 12% compared to the fourth quarter last year.
The civil business booked a record $1.7 billion in orders during the year, including 50 FFS sales and long-term training agreements with airlines including Vietnam Airlines and Jet Airways.
31/05/17 Karen Walker/ATWonline
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