February 14, 2008 / 2:15 PM / 10 years ago

CAE profit soars 33 percent on strong demand

OTTAWA, Feb 14 (Reuters) - Third-quarter earnings at CAE Inc CAE.TO rose 33 percent, the Canadian flight simulator maker said on Thursday, on strong demand from civil and military markets for its equipment and services.

CAE said it earned C$39.5 million, or 16 Canadian cents a share, up from C$29.7 million, or 12 Canadian cents a share, in the year-prior period.

The company also said it is likely to “slightly exceed” its full-year forecast for the sale of 34 full flight simulations. It has announced 31 such sales so far this year.

$1=1.00 Canadian Reporting by Susan Taylor; Editing by Renato Andrade

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