August 13, 2008 / 8:14 PM / in 9 years

Onex posts loss, says undeterred by credit crunch

TORONTO, Aug 13 (Reuters) - Private-equity group Onex Corp OCX.TO, posted a quarterly net loss on Wednesday, but said the tough credit environment hasn’t stopped it from hunting for acquisitions.

Onex said it lost C$18 million, or 14 Canadian cents per share, in the three months ended June 30. That was down from a profit of C$166 million, or C$1.29 a share, a year earlier, when the company booked gains on sales of shares in Spirit AeroSystems (SPR.N) and Skilled Healthcare SKH.N.

$1=$1.06 Canadian Reporting by Wojtek Dabrowski; editing by Rob Wilson

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