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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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