November 10, 2010 / 2:42 PM / 7 years ago

UPDATE 1-CAE profit rises on military, civil growth

* Q2 EPS C$0.16 vs est. C$0.15

* Revenue up 6 percent

TORONTO, Nov 10 (Reuters) - Flight simulator maker and aviation training company CAE Inc (CAE.TO) on Wednesday reported a 2 percent rise in quarterly profit, helped by growth at its military and civil segments.

Profit in the second quarter, ended Sept. 30, was C$40.0 million ($40 million), or 16 Canadian cents a share, up from C$39.1 million, or 15 Canadian cents, a year earlier.

Revenue at the Montreal-based company rose 6 percent to C$386.6 million

Analysts, on average, had forecast a profit of 15 Canadian cents a share, on revenue of C$392.6 million, according to Thomson Reuters I/B/E/S.

“Our performance in the second quarter showed more evidence of the recovery underway in commercial aviation with higher utilization of our training centres and increased orders for our simulation products,” Chief Executive Marc Parent said in a statement.

CAE shares were up 2 Canadian cents at C$11.35 on the Toronto Stock Exchange on Wednesday. The stock has risen about 30 percent so far this year.

$1=$1.00 Canadian Reporting by Bhaswati Mukhopadhyay; Editing by Frank McGurty

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