CAE earnings rise by 40%

Simulator manufacturer CAE's net earnings rose 40% for the fiscal year ending 31 March, with organic growth accounting for 70% of the increase. The balance came from the Canadian company's four acquisitions during the year, including commercial aviation training providers Schreiner and SimuFlite.

The company has posted C$150.6 million ($92 million) net earnings on revenues of C$1.1 billion, compared to the previous year's C$108 million profit on C$891 million in revenues.

Revenues from civil simulation and training increased to C$545 million from C$482 million last year, while those from civil training were C$100 million for the year.

Source: Flight International