Heroux-Devtek Inc. (HRX.TO: Quote) Friday said its profit for the fourth quarter increased from last year, due mainly to higher revenues.
The Longueuil, Canada-based company reported a fourth-quarter net profit of C$8.96 million or C$0.29 per share, compared to C$7.99 million or C$0.26 per share last year.
On average, five analysts polled by Thomson Reuters expected the company to earn C$0.27 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter grew 2.9 percent to C$109.05 million from C$105.99 million in the prior-year quarter.
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by RTT Staff Writer
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