February 8, 2012 / 11:53 AM / 6 years ago

UPDATE 1-ATS Automation Q3 profit tops on transportation boost

(Follows alerts)

Feb 8 (Reuters) - Canada’s ATS Automation Tooling Systems Inc’s quarterly profit rose more than six fold helped by a strong growth in its transportation business.

Net income from continuing operations rose to C$17.6 million ($17.69 million), or 20 Canadian cents a shares, from C$3 million, or 3 Canadian cents a share, last year.

Total revenue from continuing operations rose 23 percent to C$149.1 million for the third quarter ended Jan. 1.

Revenue from its transportation business saw a four-fold jump at C$66.8 million, while sales from its energy business halved to C$16.1 million.

The results exclude its solar unit Photowatt.

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

Shares of the company closed at C$7.10 on Tuesday on the Toronto Stock Exchange. ($1 = 0.9949 Canadian dollars) (Reporting by Ankur Banerjee in Bangalore; Editing by Sreejiraj Eluvangal)

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