NEWS ARCHIVE

CHC lifts Q4 results

CHC Helicopter Corp has announced its 2003 Q4 results with the world’s largest oil and gas helicopter supplier posting slightly higher profits from it 2002’s Q4 results.

CHC lifts Q4 results

The slight increase has been accredited to CHC’s US$95.8 million acquisition of the Schreiner Aviation Group, which allowed it access to more markets in Europe, Africa and Asia.

In a statement CHC said, “[CHC] earned C$25.4 million (US$18.6 million) or C$1.22 (US$0.91) per share for the three months ended April 30, compared with a profit of C$22.7 million (US$16.85 million) or C$1.09 (US$0.81) per share. Revenue for the quarter increased to C$218.4 million (US$162.2 million), up from C$174.6 million (US$130 million) a year ago.

However, despite the increased Q4 and year-on-year earnings, CHC shareholders’ dividends fell slightly. For the year ended 30 April, CHC earned C$63.7 million (US$47.3 million) or C$3.08 (US$2.29) per share on revenue of C$733.7 million (US$545 million). In 2002, CHC’s profit was C$65.5 million (US$48.7 million) or C$3.16 (US$2.35) per share on revenue of C$718.3 million (US$533.6 million).

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