November 13, 2008 / 2:09 PM / in 9 years

UPDATE 1-CAE quarterly profit rises 25 percent

TORONTO, Nov 13 (Reuters) - Flight simulator and training company CAE Inc (CAE.TO) CGT.N said on Thursday that quarterly profit rose 25 percent on higher revenue in both its civil and military segments.

Net profit increased to C$48.7 million ($39.4 million), or 19 Canadian cents a share, in the second quarter ended on Sept. 30 from C$38.9 million, or 15 Canadian cents a share, a year earlier.

Analysts had expected a profit of 18 Canadian cents a share, before exceptions, according to Reuters Estimates.

Earnings from continuing operations rose 25 percent to C$48.9 million.

CAE, which sells to both civil and military aviation markets, said revenue rose 14.9 percent to C$406.7 million.

It said it was awarded C$227.1 million in military contracts in the quarter.

In the civil segment, the Montreal-based company said it had won orders for seven full-flight simulators in the quarter and expects a total of about 34 orders for the year.

Total backlog was C$2.74 billion at the end of the quarter. ($1=$1.23 Canadian) (Reporting by John McCrank; Editing by Lisa Von Ahn)

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