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

To: Montana Wildhack who wrote (10)	8/29/2002 8:31:30 PM
From: Montana Wildhack	Read Replies (1) \| Respond to of 19

CHC announces record first quarter results ST. JOHN'S, NF, Aug. 29 /CNW/ - CHC Helicopter Corporation ("CHC") (TSX: FLY.A and FLY.B; NASDAQ: FLYA) today announced financial results for the quarter ended July 31, 2002. << Financial Highlights (in millions of Canadian dollars except per share amounts) ------------------------------------------------------------------------- Three Months Ended ------------------------------------------------------------------------- July July 31, 2002 31, 2001 ------------------------------------------------------------------------- Revenue $176.0 $146.4 EBITDA 33.5 27.9 Net earnings from operations (see Note) 16.8 11.1 Cash flow from operating activities 25.1 (6.9) Per share information Net earnings from operations: (see Note) Basic $0.81 $0.68 Diluted $0.74 $0.62 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Note: See definition of net earnings from operations under Non-GAAP Earnings Measures in Management's Discussion and Analysis Highlights - Net earnings from operations for the quarter ended July 31, 2002 were $16.8 million ($0.74 per share), a 51% increase over last year. - This is the 11th consecutive quarter of record year-over-year earnings growth. - Revenue for the quarter increased by $29.6 million (20%) over last year. - In May 2002, the Company redeemed (euro) 50.8 million ($71.9 million) or 35% of its 11.75% senior subordinated notes with proceeds from its April 25, 2002 equity offering. Investor Conference Call The quarterly investor conference call will take place at 10:30 a.m. (Eastern Standard Time) on Friday, August 30, 2002. To listen to the conference call, interested parties should dial 1-888-881-4892 (1-416-640-4127 International) and request CHC Helicopter Corporation. A replay service will be available immediately following the conference call until midnight Wednesday, September 4, 2002, and is accessible at 1-416-640-1917 with reservation No. 205856. The conference call will also be Webcast through Canada NewsWire at: newswire.ca CHC Helicopter Corporation through its subsidiaries and investments is a leading provider of helicopter transportation services to the oil and gas industry, with a combined fleet of 308 light, medium and heavy aircraft operating in 23 countries, with approximately 2,500 employees worldwide