Helicopter operator Bristow Group's profit falls on higher costs

Wed May 21, 2014 5:41pm EDT

May 21 (Reuters) - Bristow Group Inc, which provides helicopter services to oil and gas companies, reported a 25 percent fall in quarterly profit as expenses rose.

The company's net income fell to $30.3 million, or 83 cents per share, in the fourth quarter ended March 31, from $40.4 million, or $1.11 per share, a year earlier.

Operating expense rose 18 pct to $405.2 million.

Revenue increased 12.6 percent to $440.9 million. (Reporting By Sneha Banerjee in Bangalore; Editing by Joyjeet Das)

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