Recreational vehicle maker BRP's profit rises 9 pct

Thu Jun 12, 2014 6:19am EDT
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June 12 (Reuters) - BRP Inc, the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, reported a 9 percent rise in quarterly profit due to a foreign exchange gain on long-term debt and lower tax expenses.

The Valcourt, Quebec-based company's net profit rose to C$28 million ($25.8 million) in the first quarter ended April 30 from C$25.7 million, a year earlier.

Revenue fell 5.7 percent to C$758.6 million. ($1 = 1.09 Canadian dollars) (Reporting by Shubhankar Chakravorty and Anannya Pramanick in Bangalore; Editing by Kirti Pandey)