February 4, 2011 / 12:38 PM / in 7 years

UPDATE 1-Heroux-Devtek posts higher Q3 profit

Feb 4 (Reuters) - Aerospace and industrial products maker Heroux-Devtek Inc HRX.TO posted a higher third-quarter profit, helped mainly by improvement in the commercial aerospace market.

The company also said it expects sales in the second half to rise 15 percent sequentially.

October-December net income was C$5.1 million ($5.15 million), or 17 Canadian cents, compared with C$3.5 million, or 12 Canadian cents a share, last year.

Sales rose 12 percent to C$85.8 million.

Aerospace sales, which made up for most of the revenue in the quarter, rose 9 percent to C$79.5 million.

Shares of the company closed at C$6.95 on Thursday on the Toronto Stock Exchange. ($1=.9908 CANADIAN DOLLAR) (Reporting by Aftab Ahmed in Bangalore; Editing by Maju Samuel) (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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