CHC Group (HELI) Misses Q1 EPS by 3c

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Go back to CHC Group (HELI) Misses Q1 EPS by 3c

CHC Group Reports Fiscal 2016 First Quarter Results

September 8, 2015 4:15 PM EDT

Initial cost reduction program has favorable impact and has mitigated top line pressure Aircraft purchase commitments reduced; creates order book and capital spending flexibility

VANCOUVER, British Columbia--(BUSINESS WIRE)-- CHC Group (NYSE: HELI) reported fiscal 2016 first quarter (ended July 31, 2015) consolidated revenue of $376 million, a decline of 18 percent year-over-year driven by unfavorable currency translation effects and challenging operating conditions in the global oil sector. On a constant currency basis, revenue decreased 9 percent.

The Company reported a net loss of $47 million, or $0.62 per ordinary share, for... More