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US Heico Corp. reports USD23.8m profit in Q4  Join our daily free Newsletter

MENAFN - 19/12/2012

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(MENAFN) Florida-based aerospace firm Heico Corp. posted a 29 percent increase in quarterly profits, the Business Journals reported.

The company said it made USD23.8 million net profit during its fiscal fourth quarter ended October 31, up from USD18.5 million a year earlier.

Quarterly sales hit USD242.4 million, while operating profit grew by 22 percent to USD45.6 million from USD37.4 million a year ago.

For the full fiscal year, the company posted USD85.1 million net profit, up from USD72.8 million in fiscal 2011, on the back of USD897.3 million in sales.

Operating income rose 18 percent to a record USD163.3 million in fiscal year 2012 from USD138.4 million.

The company estimated approximately 5 percent to 7 percent increase in profits and sales in fiscal year 2013.

 






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