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Magellan Aerospace announces financial results

June 3, 2011, Toronto - Magellan Aerospace Corporation released its financial results for the first quarter of 2011.


June 3, 2011
By Carey Fredericks

All amounts are expressed in Canadian Dollars unless otherwise indicated. The results are summarized as follows:

      Three month period
ended March 31
Expressed in thousands of dollars, except per share amounts 2011
2010
 Change %
Revenues
 170,487  177,617  (4.0)%
Gross Profit
 23,759 21,205  12.0 %
Net Income
 7,222  3,787  90.7%
Net Income per share – Diluted
 0.14 0.017  100.0%

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