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Bombardier reports smaller quarterly loss

Published 2017-02-16, 06:00 a/m
© Reuters.  Bombardier reports smaller quarterly loss
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Feb 16 (Reuters) - Canadian plane and train maker Bombardier Inc BBDb.TO reported a smaller quarterly loss compared to a year earlier, when the company recorded impairment charges.

Net loss attributable to Bombardier shareholders narrowed to $251 million, or 12 cents per share, in the fourth quarter ended Dec. 31, from $679 million, or 31 cents per share, a year earlier.

The company took charges of $30 million in the quarter compared to $673 million a year earlier.

Montreal-headquartered Bombardier, which is in the middle of a 5-year turnaround plan to improve results, reported a 12.7 percent fall in revenue to $4.38 billion.

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