June 8, 2009 / 9:17 PM / 9 years ago

UPDATE 1-Westport Innovations posts wider Q4 loss

* Q4 rev up 72 pct to C$26.3 mln

June 8 (Reuters) - Canada’s Westport Innovations Inc WPT.TO posted a quarterly loss that was wider than expected, partly on lower margins and higher expenses.

For the fourth quarter ended March 31, the company reported a net loss of C$12.7 million, or 43 Canadian cents a share, compared with a loss of C$8.1 million, or 30 Canadian cents a share, a year earlier.

Revenue rose 72 percent to C$26.3 million.

Analysts on an average expected a loss of 25 Canadian cents a share, on revenue of C$30.8 million, according to Reuters Estimates.

The company, which provides natural gas engines serving the medium and heavy-duty vehicle markets, said gross margin percentage fell to 26 percent in the quarter from 30 percent a year earlier.

Shares of the Vancouver, British Columbia-based company closed at C$7.92 Monday on the Toronto Stock Exchange. (Reporting by Ashutosh Joshi in Bangalore; Editing by Deepak Kannan)

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