August 17, 2011 / 10:42 AM / in 6 years

UPDATE 1-Canada's ATS Automation Q1 profit rises

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Aug 17 (Reuters) - Canada’s ATS Automation Tooling Systems Inc , which makes factory automation systems and solar energy equipment, posted a higher first-quarter profit, helped by strong demand from life sciences and transportation industries.

Net income from continuing operations was C$6.2 million, or 7 Canadian cents a share, compared with C$5.6 million, 6 Canadian cents a share, last year.

Total revenue from continuing operations rose by a fourth to C$126.9 million.

ATS serves customers in industries such as life sciences, computer electronics, energy, transportation and consumer products.

Revenues from life sciences increased 10 percent to C$43.8 million, while transportation revenue rose more than four times to C$40.1 million.

Automation systems order bookings in the first quarter rose 85 percent to $157 million. (Reporting by Aftab Ahmed in Bangalore; Editing by Saumyadeb Chakrabarty)

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