February 28, 2008 / 9:20 PM / 10 years ago

Onex reports 4th-qtr loss from continuing ops

TORONTO, Feb 28 (Reuters) - Private-equity group Onex Corp OCX.TO said on Thursday that it posted a loss from continuing operations in the fourth quarter, as results suffered in comparison to a gain on the sale of shares a year ago.

Onex, which has investments in industries ranging from aerospace and electronics to cosmetics, said continuing operations lost C$10 million ($10.2 million), or 8 Canadian cents per share, for the three months ended Dec. 31.

That was a swing from earnings of C$211 million from continuing operations, or C$1.64 Canadian cents a share, in the same 2006 period, which included a C$343 million gain on the sale of shares in Spirit AeroSystems’ initial public offering.

The company did not provide net income figures in its news release.

$1=$0.98 Canadian Reporting by Lynne Olver; editing by Rob Wilson

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