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Canadian Helicopters reports increase in profits

Aug. 18, 2009, Montreal - Canadian Helicopters Income Fund Canada's largest helicopter transportation services firm, recently stated profits rose during the second quarter while revenue remained relatively flat.


August 18, 2009
By Melissa Damota

Aug. 18, 2009, Montreal – Canadian Helicopters Income Fund Canada's largest helicopter transportation services firm, recently stated profits rose during the second quarter while revenue remained relatively flat.

The Montreal-based fund reported net income before non-controlling interest of $8.1 million, or 62 cents per unit, for
the quarter ended June 30. Canadian Helicopters said the ressults marked an increase over profits of $6.7 million or 50 cents per unit recorded a year earlier.

Quarterly revenue dipped just 0.5 per cent to $41.4 million compared to $41.6 million booked during the corresponding quarter of 2008.

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