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Thursday, February 21, 2013

Safran profit boosted by aftermarket, (NYSE: TRI), (TSE: TRI.TO)

Strong demand for aircraft engines, parts and lucrative aftermarket maintenance contracts pushed full-year operating profit at French aerospace group Safran up 24 percent.Safran, part of the CFM engine joint venture with General Electric, is benefiting from record aircraft production as Airbus and Boeing tap into transport growth in emerging markets and demand from Western airlines for fuel savings.The widely watched civil aftermarket, where engine-makers make most of their margins, is picking up as many CFM engines enter the workshop for their first major overhaul.Safran posted full-year recurring operating income of 1.47 billion euros ($1.97 billion), in line with the average forecast in a Thomson Reuters I/B/E/S analyst poll, on revenue of 13.56 billion, up 15.5 percent year-on-year.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $30.77. In the past year, the shares have traded as low as $26.20 and as high as $31.18. On average, 818216 shares of TRI exchange hands on a given day and today's volume is recorded at 0.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.22% or $0.07/share to $31.36. In the past year, the shares have traded as low as $26.65 and as high as $31.57. On average, 901518 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 2034923.



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