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Non-Tech : FLYA: CHC Helicopter Corp. -- Ignore unavailable to you. Want to Upgrade?

To: Montana Wildhack who wrote (4)	3/23/2002 1:26:06 PM
From: Montana Wildhack	Read Replies (1) \| Respond to of 19

CHC announces record third quarter earnings ST. JOHN'S, NF, Feb. 28 /CNW/ - CHC Helicopter Corporation ("CHC") (TSE: FLY.A and FLY.B; NASDAQ: FLYA) today announced financial results for the quarter ended January 31, 2002. << Financial Highlights (in millions of Canadian dollars except per share amounts) ------------------------------------------------------------------------- ------------------------------------------------------------------------- Three Months Ended Nine Months Ended ------------------------------------------------------------------------- January January January January 31,2002 31, 2001 31, 2002 31, 2001() ------------------------------------------------------------------------- Revenue from continuing operations $151.6 $131.6 $458.1 $389.5 EBITDA from continuing operations 31.6 23.3 90.0 76.5 Net earnings from operations 10.1 4.5 34.3 26.4 Cash flow from operating activities 10.6 5.6 37.3 5.2 Per Share Information Net earnings from operations: Basic 0.62 0.28 2.10 1.50 Diluted 0.56 0.26 1.91 1.44 ------------------------------------------------------------------------- ------------------------------------------------------------------------- () Note: The comparative revenue and EBITDA figures exclude operations that have been sold. Highlights - Net earnings from operations for the quarter ended January 31, 2002 were $10.1 million ($0.56 per share), a 124% increase over the same quarter last year. The current quarter included realized after-tax foreign exchange losses on the settlement of foreign denominated debt of $1.0 million ($0.06 per share) - This is the 9th consecutive quarter of record year-over-year earnings growth. - Cash flow from operating activities increased by $5.0 million (89%) to $10.6 million compared to the same quarter last year. - Revenue for the quarter increased by $20.0 million (15.2%) over last year. - Flying activity from the offshore oil and gas sector continued its strong performance during the quarter.