Ski-Doo snowmobile maker's profit soars on higher seasonal sales

Fri Dec 11, 2015 6:10am EST
 
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Dec 11 (Reuters) - Canada's BRP Inc, the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, reported a 76 percent rise in quarterly profit helped by higher sales of seasonal products.

The company's net profit soared to C$65.5 million ($47.93 million), or 56 Canadian cents per share, in the third quarter ended Oct. 31 from C$37.2 million, or 31 Canadian cents per share, a year earlier.

Valcourt, Quebec-based BRP's revenue rose 10 percent to C$1.01 billion. ($1 = 1.3667 Canadian dollars) (Reporting by Manish Parashar in Bengaluru; Editing by Shounak Dasgupta)