Reuters logo
Alliant profit up on higher ammunition sales for defense, sporting guns
May 15, 2014 / 11:22 AM / 4 years ago

Alliant profit up on higher ammunition sales for defense, sporting guns

May 15 (Reuters) - Ammunitions maker Alliant Techsystems Inc reported a 32 percent jump in quarterly profit, helped by a rise in sales in its defense and sporting businesses.

Net income attributable to Alliant rose to $96.0 million, or $2.90 per share, in the fourth quarter ended March 31, from $72.7 million, or $2.23 per share, a year earlier.

Total revenue rose nearly 17 percent to $1.35 billion.

Revenue in the defense business jumped 2.7 percent to $548.8 million, while revenue increased 71.5 percent to $558.4 million in the sporting business. (Reporting by Ankit Ajmera in Bangalore; Editing by Savio D‘Souza)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below