(Adds details, background)
Sept 11 (Reuters) - Canadian recreational vehicle maker BRP
Inc DOO.TO reported a surprise adjusted profit for the second
quarter, helped by higher sales of propulsions engines,
accessories and clothing.
Revenue from the propulsion business, which makes Rotax
engines, rose 13 percent to C$95.4 million while sales of parts,
accessories and clothing rose 12 percent to C$154.9 million.
The company, which makes Ski-Doo snowmobiles and Sea-Doo
watercraft, said total revenue rose 4 percent to C$812.1
($613.5) million.
The company reported adjusted earnings of 3 Canadian cents
per share, while analysts on average estimated a loss of 2
Canadian cents, according to Thomson Reuters I/B/E/S.
The company, which sells in more than 100 countries, raised
its full-year adjusted earnings per share to C$1.55-C$1.70 per
share from C$1.50-C$1.65 as it expects depreciation costs to
decline.
Analysts were expecting an adjusted profit of C$1.60.
BRP's competitors include Polaris Industries Inc PII.N ,
Arctic Cat Inc ACAT.O and Kawasaki Heavy Industries Ltd
7012.T .
The company's net loss widened to C$68.3 million, or 58
Canadian cents per share, in the quarter ended July 31 from
C$3.6 million, or 3 Canadian cents per share, a year earlier.
($1 = 1.3237 Canadian dollars)
(eporting by Anannya Pramanick in Bengaluru; Editing by Don
Sebastian)