CHC Helicopter Corp. announces results for second quarter ending Oct. 31, 1994.ST. JOHN'S, NEWFOUNDLAND--(BUSINESS WIRE)--Nov. 17, 1994-- CHC Helicopter CHC Helicopter Corporation (sometimes known as Canadian Helicopter Corporation, Canadian Helicopters or Hélicoptères Canadiens) (TSX: FLY.SV.A TSX: FLY.MV.B NYSE: FLI) is the world’s largest global commercial helicopter operator. Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : FLY.A and FLY.B/NASDAQ: FLYAF) today announced its results for the second quarter ending October October: see month. 31, 1994, for the fiscal year ending April 30, 1995. -0-
Second Quarter Ended 6 Months Ended
October 31 October 31
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(millions, except per share data)
1995 1994 1995 1994
---- ---- ---- ----
Revenue $103.5 $58.7 $208.6 $108.8
Operating Cash Flow $ 11.2 $ 7.8 $ 25.1 $ 15.5
Net Earnings $ 3.3 $ 4.0 $ 9.3 $ 8.0
Operating Cash Flow
per Share $ 0.97 $0.82 $ 2.16 $ 1.63
Earnings per Share $ 0.28 $0.42 $ 0.81 $ 0.84
Shares Outstanding
(Millions) 11.6 9.5 11.6 9.5
Total revenue for the second quarter of fiscal 1995 was $103.5 million Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. compared to $58.7 million, representing a 76% increase over the corresponding period last year. Cash flow from operations Cash flow from operations A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses for the second quarter was $11.2 million compared to $7.8 million, representing a 44% increase over the comparable quarter last year. Operating cash flow Operating cash flow Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. per share was 97 cents compared to 82 cents for the second quarter of fiscal 1994, representing an 18% increase. The company's net after-tax earnings for the second quarter were $3.3 million or 28 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. on an increased number of outstandng common shares, compared to $4.0 million or 42 cents per share for the second quarter of fiscal 1994. These results, combined with the first quarter results, produced for the Corporation net earnings for the first half of fiscal 1995 of $9.3 million or 81 cents per share which were 16% higher than the same period of fiscal 1994, when the company reported earnings of $8.0 million or 84 cents per share. Total revenue for the first half of fiscal 1995 was $208.6 million compared to $108.8 million for the comparable period in fiscal 1994. CHC Helicopter Corporation is the parent company of Canadian Helicopters Limited (which also carries on business as Canadian Component Services and Canadian Gas Turbines); Helicopter Welders of Canada, Ltd; Pacific Aerospace Services, Inc.; Brintel Holdings Limited (operating as British International Helicopters); Viking Helicopters Limited and Atlantic Turbines Inc. The company provides helicopter transportation, pilot training and fixed-wing and helicopter repair and overhaul services worldwide. The company operates a diversified diversified (di·verˑ·s fleet in excess of 270 light, medium and heavy helicopters from 52 bases in Canada and 18 countries around the world with a staff of 1800. CONTACT: CHC Helicopter Corp., St. John's
Douglas B. Chant, Vice President Investor Relations
905/770-2412
or
Christopher P. Lloyd, Chief Financial Officer
709/570-0700
INDUSTRY KEYWORD: TRANSPORATION EARNINGS REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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