Business
MAGELLAN AEROSPACE CORPORATION ANNOUNCES FINANCIAL RESULTS
Jun. 1, 2011 (Canada NewsWire Group) -- TORONTO, June 1, 2011 /CNW/ - Magellan Aerospace Corp...
About this update from Magellan Aerospace Corporation
[{"type":"text","content":"\n\n\n Jun. 1, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, June 1, 2011 /CNW/ - Magellan Aerospace Corporation ("Magellan"\n or the "Corporation") released its financial results for the first\n quarter of 2011.  All amounts are expressed in Canadian Dollars unless\n otherwise indicated. The results are summarized as follows:\n\n\n\n\n\n\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThree month period\nended March 31\n\n\n\n\n \nExpressed in thousands of dollars, except per share amounts\n\n\n\n\n\n\n\n\n\n\n \n \n\n\n\n\n\n\n\n\n\n\n2011\n$\n\n\n\n\n\n\n \n \n\n\n\n\n\n\n\n\n\n\n2010\n$\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nChange\n%\n\n\n\n\n\nRevenues\n\n\n \n\n\n \n\n\n\n \n\n\n \n\n\n \n\n\n\n170,487\n\n\n \n\n\n\n \n\n\n \n\n\n \n\n\n\n177,617\n\n\n \n\n\n \n\n\n \n\n\n\n(4.0)%\n\n\n\n\n\nGross Profit\n\n\n \n\n\n \n\n\n\n \n\n\n \n\n\n \n\n\n\n23,759\n\n\n \n\n\n\n \n\n\n \n\n\n \n\n\n\n21,205\n\n\n \n\n\n \n\n\n \n\n\n\n12.0%\n\n\n\n\n\nNet Income\n\n\n \n\n\n \n\n\n\n \n\n\n \n\n\n \n\n\n\n7,222\n\n\n ...