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Friday, December 5, 2008

BBD Continues Solid Results

Bombardier revenues jumped eight percent to reach $C4.6 billion in the third quarter ending October 31. Net income increased by $154 million, reaching $245 million, compared to $91 million for the same period last fiscal year. Its cash position remains strong at $3.3 billion, it said, after a negative foreign exchange translation adjustment of $495 million for the nine-month period, compared to $3.6 billion as at January 31. The overall backlog stands at $51.9 billion, compared to $53.6 billion in January owing to the impact of the weakening of foreign currencies compared to the U.S. dollar on Bombardier Transportation’s backlog.

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