September 12, 2013 / 11:40 AM / 5 years ago

Transat profit jumps, says earnings growth to be slower in fourth quarter

(Reuters) - Canadian travel operator Transat AT Inc TRZa.TO TRZb.TO reported a three-fold jump in third-quarter adjusted profit but said earnings growth in the current quarter would be slower on a sequential basis.

Net income attributable to shareholders rose to C$41.1 million ($39.8 million), or C$1.07 per share, from C$9.4 million, or 25 Canadian cents per share, a year earlier.

Adjusted profit rose to C$30.8 million, or 80 Canadian cents per share, from C$10.5 million, or 28 Canadian cents per share, a year earlier.

Revenue rose 2 percent to C$927.0 million, due mainly to higher average selling prices.

(This story corrects headline and text to show that earnings growth will be slower, not that earnings will be weaker)

($1 = 1.0333 Canadian dollars)

Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Ted Kerr

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below