Thursday, June 7, 2007

UPDATE 1-Transat profit up 23 percent in second quarter

(Reuters) - The Canadian holiday-travel company said it earned C$53.9
million , or C$1.58 a share, for the period
ended April 30, up from a profit of C$42.8 million, or C$1.24 a
share, for the same period last year.




Excluding the C$12.6 million after-tax gain from its new
hedge accounting standard, Transat said its net earnings for
the quarter would have been C$41.4 million, or C$1.21 a share.


Read more at Reuters.com Market News

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