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HNZ Group earnings flat in Q4 at $6.5 million

March 20, 2014, Montreal - HNZ Group Inc. has reported flat fourth-quarter results amid a slight increase in revenue in the three months ended Dec. 31.


March 20, 2014
By The Canadian Press

The international provider of helicopter transportation and related
support services says net income attributable to the shareholders was
$6.5 million or 50 cents per share. That compared with $6.7 million or
51 cents in the same 2012 period.

Revenue gained a little altitude, rising to $62 million from $60.7 million.

For the full-year, the
Montreal-based company says net income was $19.9 million or $1.52 per
share on revenue of $255.1 million,.

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That was down sharply from $43.1
million or $3.30 per share on revenue of $256 million in 2012, due to a
non-cash goodwill impairment charge of $23.5 million in the third
quarter.


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