Stock Groups

Bombardier reports Q4 adjusted profit on higher aircraft margins -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: This is the Bombardier Bombardier (BD-700) aircraft pictured over Sion Airport in Switzerland, September 8, 2019. Picture taken September 8, 2019. REUTERS/Denis Balibouse/File Photograph

(Reuters) – Canadian company Bombardier Inc, a business jetmaker in Canada (OTC) Inc announced an adjusted quarterly profit. The increase in aircraft margins and efforts to reduce costs helped the firm achieve this result. Bombardier saw its business jet revenues drop 24%, to $1.87billion. This was due to less aircraft delivery.

Montreal-based Company posted $80 Million net income, which is 3 cents per Share, on an adjusted Basis for the Quarter ended Dec. 31. It was compared to a loss in 2004 of 475,000,000, or 20 Cents per Share,

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, futures, indexes or Forex. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. Because prices might not reflect the market, they may be incorrect. This means that prices cannot be considered indicative and are inappropriate for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]