Posted AT 9:35 AM EST on 11/11/09
CAE profit drops on weak civil aviation demand
Toronto — Flight simulator maker and aviation training company CAE Inc. posted a lower quarterly profit Wednesday, as restructuring charges and weak demand from its civil aviation customers weighed on its results.CAE said profit for its second quarter, ended Sept. 30, was $39.1-million, or 15 cents a share, down from $49-million, or 19 cents, a year earlier.The Montreal-based company recorded a restructuring charge of $1.
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