Bombardier reports smaller quarterly loss

Source : REUTERS
Last Updated: Thu, Feb 16, 2017 16:46 hrs
FILE PHOTO -  A plane flies over a Bombardier plant in Montreal

(Reuters) - Canadian plane and train maker Bombardier Inc reported a smaller quarterly loss compared to a year earlier, when the company recorded impairment charges.

Net loss attributable to Bombardier shareholders narrowed to $251 million, or 12 cents per share, in the fourth quarter ended Dec. 31, from $679 million, or 31 cents per share, a year earlier.

The company took charges of $30 million in the quarter compared to $673 million a year earlier.

Montreal-headquartered Bombardier, which is in the middle of a 5-year turnaround plan to improve results, reported a 12.7 percent fall in revenue to $4.38 billion.

(Reporting By Allison Lampert and Arathy S Nair in Bengaluru; Editing by Shounak Dasgupta)



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