November 13, 2009 / 4:22 PM / in 8 years

UPDATE 1-Vector Aerospace reports higher quarterly profit

* Q3 EPS C$0.20 vs C$0.17 a year ago

* Analysts forecast EPS C$0.22

* Revenue up 4.4 percent at C$141 million

* Shares up 3 percent in Toronto

TORONTO, Nov 13 (Reuters) - Vector Aerospace RNO.TO reported a higher quarterly profit on Friday, aided by airframe project completions in North America and Britain.

The aviation repair company said it earned C$7.8 million ($7.4 million), or 20 Canadian cents a diluted share, for the third quarter, up from C$6.5 million, or 17 Canadian cents a share, a year earlier.

Analysts, on average, had expected earnings of 22 Canadian cents a share for the period ended Sept. 30, according to Thomson Reuters I/B/E/S.

Vector, which services both commercial and military markets, has operating facilities in Canada, the United States, Britain and South Africa.

The Toronto-based company’s shares were up 19 Canadian cents, or 3 percent, at C$6.40 on the Toronto Stock Exchange on Friday morning.

$1=$1.05 Canadian Reporting by John McCrank; editing by Rob Wilson

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