March 10, 2011 / 5:22 PM / in 7 years

UPDATE 1-Vector Aerospace Q4 earnings dip on foreign exchange losses

* Q4 EPS C$0.13 vs EPS C$0.14 last yr

* Q4 rev rises 3.5 percent (Follows alerts)

March 10 (Reuters) - Canadian aviation repair company Vector Aerospace Corp’s fourth-quarter profit fell 5 percent on higher foreign exchange losses.

Net income for the third quarter was C$5.9 million, or 13 Canadian cents a share, down from C$6.2 million, or 14 Canadian cents a share, last year.

The company said it recorded foreign exchange losses of $1.1 million, compared with $0.3 million in the fourth quarter of 2009.

Revenue rose 3.5 percent to C$142.5 million.

The Toronto, Ontario-based company’s shares were up at C$9.90 in afternoon trade on Thursday on the Toronto Stock Exchange. (Reporting by Amruta Sabnis in Bangalore; Editing by Jarshad Kakkrakandy)

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