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Bombardier posts lower quarterly profit
March 1, 2012 / 11:12 AM / 6 years ago

Bombardier posts lower quarterly profit

(In US dollars unless noted)

March 1 (Reuters) - Bombardier Inc, the world’s third biggest commercial plane maker, reported a lower quarterly profit on reduced revenue from its commercial aircraft business.

The results reflect a change in the aerospace unit’s year end, to Dec. 31 from Jan. 31, which reduced the reporting period to two months. The transportation division already had a Dec. 31 year end.

Fourth-quarter net profit was $214 million, or 12 cents a share, compared with $295 million, or 16 cents a share, a year ago.

Revenue fell to $4.3 billion from $5.6 billion a year ago. (Reporting by Susan Taylor In Toronto and Bhaswati Mukhopadhyay in Bangalore)

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