UPDATE 2-Ski-Doo maker BRP warns weak Russian demand to hurt profit

Fri Mar 28, 2014 2:31pm EDT
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* Expects full-year profit of C$1.55-C$1.65/shr vs estimate C$1.69/shr

* Expects sales volumes in Russia to fall 20 pct in fiscal 2015

* Fourth-qtr adjusted profit C$0.41/shr vs estimate C$0.45/shr

* Shares fall as much as 13 pct (Adds details, CEO and analysts' comments, shares)

By Anannya Pramanick and Swetha Gopinath

March 28 (Reuters) - Ski-Doo snowmobile maker BRP Inc forecast a full-year profit below analysts' estimates, saying uncertainty in Russia and the weakening of the rouble would hurt demand in its third-largest market.

BRP's shares fell as much as 13 percent, making the stock one of the biggest percentage losers on the Toronto Stock Exchange on Friday, after the Canadian company also reported a lower-than-expected quarterly profit.

The company, which was spun off from Bombardier Inc in 2003, said it expected sales volumes in Russia to fall by a fifth in the year ending Jan. 31, 2015.

Weaker demand in Russia is expected to hurt full-year profit by 10 Canadian cents per share, BRP said.   Continued...