August 4, 2010 / 10:33 PM / 7 years ago

UPDATE 1-Westport Innovations posts wider Q1 net loss

* Q1 net loss $8.1 mln vs net loss $7.9 mln yr ago

* Q1 consolidated revenue up 17 pct

Aug 4 (Reuters) - Canada's Westport Innovations Inc WPT.TO posted a wider quarterly net loss, partly hurt by lower shipments at its heavy-duty business unit.

For the first quarter ended June 30, the company reported net loss of $8.1 million, compared with a loss of $7.9 million a year earlier.

The company, which provides natural-gas engines serving the medium and heavy-duty vehicle markets, said its consolidated revenue rose 17 percent to $25.5 million.

Westport Heavy Duty shipped 6 units during the quarter, compared with 14 units in the same quarter last year. Total revenue for the heavy-duty business unit stood at $1.2 million, down from $1.4 million in the prior year.

Shares of the Vancouver, British Columbia-based company closed at C$18.50 Wednesday on the Toronto Stock Exchange. (Reporting by Koustav Samanta in Bangalore; Editing by Maju Samuel)

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