Monday, January 21st, 2019

Canada’s ATS Automation posts profit on lower solar loss

(Reuters) – Canada’s ATS Automation Tooling Systems Inc , which makes factory automation systems and solar energy equipment, reported a quarterly profit, aided by growth at its transportation business and a narrower loss at its solar operations. Fourth-quarter net income was C$3 million, or 4 Canadian cents per share, compared with a loss of C$79.5 million, or 91 Canadian cents per share, last year. ATS also serves customers in industries such as life sciences, computer electronics, energy and consumer products. Loss from discontinued operations was C$7.9 million compared with C$93. …

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