August 4, 2011 / 11:33 AM / 7 years ago

UPDATE 1-Héroux-Devtek Q1 up on aerostructure, landing gear sales

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Aug 4 (Reuters) - Héroux-Devtek Inc , a Canadian aerospace and industrial equipment maker, posted a rise in first-quarter profit, driven by higher sales of its aerostructure products and landing gear.

April-June net income rose to C$5.8 million, or 19 Canadian cents a share, from C$3.3 million, or 11 Canadian cents a share, a year ago. Quarterly revenue increased 11 percent to C$91.9 million.

Analysts on average had forecast earnings of 13 Canadian cents a share on revenue of C$93.4 million, according to Thomson Reuters I/B/E/S.

Shares of the company closed at C$7.74 on Wednesday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore, Editing by Ian Geoghegan)

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