May 13, 2010 / 7:44 PM / 7 years ago

UPDATE 1-New Flyer Industries posts loss on charges, interest

* Q1 net loss $13 mln vs profit of $4.8 mln year ago

* Consolidated rev down 11 pct

May 13 (Reuters) - Bus maker New Flyer Industries Inc NFI_u.TO posted a loss, hurt by non-cash charges and higher interest costs.

For the first quarter ended April 4, the company reported a net loss of $13 million, compared with earnings of $4.8 million last year.

Consolidated revenue was down 11 percent at $243 million.

Bus-manufacturing revenue fell 12 percent to $216 million.

The company said non-cash charges rose to $19.5 million from $4.1 million last year.

Units of the company were trading down 7 Canadian cents at C$10.85 Thursday on the Toronto Stock Exchange. (Reporting by Aftab Ahmed in Bangalore; Editing by Roshni Menon) (aftab.ahmed@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: aftab.ahmed.reuters.com@reuters.net))

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