Dominion Lending Centres Clearlease Reports Vector Aerospace (TSX:RNO) posts Q1 earnings of $6.1M, down from $9.9M in 2010
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports First-quarter profits at Vector Aerospace Corp. (TSX:RNO) have dipped by more than a third, the aircraft maintenance provider said Friday June 10, 2011.
Toronto-based Vector posted net earnings for the three months ended March 31 of $6.1 million or 13 cents per diluted share, compared with $9.9 million or 21 cents per diluted share in the same 2010 quarter.
Revenue was $127.3 million, almost unchanged from $127.4 million in the prior-year period.
“First-quarter revenue and earnings were negatively impacted by declining activity on Lynx airframes in the U.K., $2.5 million of costs associated with the sale process and the impacts of changes in foreign exchange rates, the company said in a news release.
Through facilities in Canada, the United States, the United Kingdom and Africa, Vector provides repair and overhaul services to commercial and military customers for various types of gas turbine engines, components and helicopter airframes.
On the Toronto Stock Exchange, shares in Vector were down four cents at $12.86 in early afternoon trading on Friday.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
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Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports First-quarter profits at Vector Aerospace Corp. (TSX:RNO) have dipped by more than a third, the aircraft maintenance provider said Friday June 10, 2011.
Toronto-based Vector posted net earnings for the three months ended March 31 of $6.1 million or 13 cents per diluted share, compared with $9.9 million or 21 cents per diluted share in the same 2010 quarter.
Revenue was $127.3 million, almost unchanged from $127.4 million in the prior-year period.
“First-quarter revenue and earnings were negatively impacted by declining activity on Lynx airframes in the U.K., $2.5 million of costs associated with the sale process and the impacts of changes in foreign exchange rates, the company said in a news release.
Through facilities in Canada, the United States, the United Kingdom and Africa, Vector provides repair and overhaul services to commercial and military customers for various types of gas turbine engines, components and helicopter airframes.
On the Toronto Stock Exchange, shares in Vector were down four cents at $12.86 in early afternoon trading on Friday.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports Vector Aerospace (TSX:RNO) posts Q1 earnings of $6.1M, down from $9.9M in 2010
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports First-quarter profits at Vector Aerospace Corp. (TSX:RNO) have dipped by more than a third, the aircraft maintenance provider said Friday June 10, 2011.
Toronto-based Vector posted net earnings for the three months ended March 31 of $6.1 million or 13 cents per diluted share, compared with $9.9 million or 21 cents per diluted share in the same 2010 quarter.
Revenue was $127.3 million, almost unchanged from $127.4 million in the prior-year period.
“First-quarter revenue and earnings were negatively impacted by declining activity on Lynx airframes in the U.K., $2.5 million of costs associated with the sale process and the impacts of changes in foreign exchange rates, the company said in a news release.
Through facilities in Canada, the United States, the United Kingdom and Africa, Vector provides repair and overhaul services to commercial and military customers for various types of gas turbine engines, components and helicopter airframes.
On the Toronto Stock Exchange, shares in Vector were down four cents at $12.86 in early afternoon trading on Friday.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk