CAE Inc. flight simulators. MONTREAL—CAE Inc. says its just completed fiscal year was the best in the flight training and simulator builder’s 69-year history. Net profits dipped to $59.7 million from $67.7 million in the quarter, but adjusted earnings increased to $72.8 million from $63.3 million. The Montreal-based company says it posted record revenues and profits in fiscal 2016, with net profit surging 12.5 per cent to $230.3 million as revenues surpassed $2.5 billion for the first time. The year was capped by a strong fourth quarter in which revenues grew 14 per cent to $722.5 million.

Source: thestar May 19, 2016 14:50 UTC