Bombardier Reports Annual Profit Of US$317M
Bombardier released there annual profit reports recently and announced that they had pulled in a profit of US$317M dollars in 2007 which is an increase of 18% from 2006. These results are from both their aircraft and rail divisions which are having huge results. Revenue for the year was also up 18% which makes it look like the aircraft industry is continuing to rise despite terrorist threats. Earnings per share came to 16 cents which again is up from last year. Bombardier had great numbers in 2007 and it should be interesting to see how they do in 2008. They have massive plans to increase the size of their production so it should only increase in my opinion.