Helicopters Magazine

HNZ Group earnings flat in Q4 at $6.5 million

March 20, 2014  By The Canadian Press

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.

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,.


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


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