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Updated: Wed, 19 Mar 2014 20:33:08 GMT | By The Canadian Press, thecanadianpress.com

HNZ Group earnings flat in Q4 at $6.5M

MONTREAL - HNZ Group Inc. (TSX:HNZ.A) has reported flat fourth-quarter results amid a slight increase in revenue in the three months ended Dec. 31.


MONTREAL - HNZ Group Inc. (TSX:HNZ.A) has reported flat fourth-quarter results amid a slight increase in revenue in the three months ended Dec. 31.

The international provider of helicopter transportation and related support services says net income attributable to the shareholders was $6.5 million or 50 cents per share. That compared with $6.7 million or 51 cents in the same 2012 period.

Revenue gained a little altitude, rising to $62 million from $60.7 million.

For the full-year, the Montreal-based company says net income was $19.9 million or $1.52 per share on revenue of $255.1 million,.

That was down sharply from $43.1 million or $3.30 per share on revenue of $256 million in 2012, due to a non-cash goodwill impairment charge of $23.5 million in the third quarter.

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