French aircraft equipment manufacturer Safran SA (SAFRF.PK) reported that its net loss attributable to owners of the parent for fiscal year 2024 was 667 million euros or 1.60 euros per share compared to net income of 3.444 billion euros or 8.07 euros per share in 2023. The latest year results included changes in the fair value of instruments hedging future cash flows that will be recognized in profit or loss in future periods of 4.670 billion euros excluding tax.
Adjusted profit attributable to owners of the parent for the year was 3.068 billion euros or 7.29 euros per share compared to 2.028 billion euros or 4.70 euros per share in the prior year.
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