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MONTREAL (AP) - Bombardier Inc., a maker of airplanes and trains, Thursday said it returned to a profit in its latest quarter, helped by an increase in deliveries of business jets.
However, the Montreal-based company, which recently decided to compete with major airplane-makers Boeing and Airbus in the mid-size jet market, said it would not pay a dividend this year after posting a loss in its fiscal 2005 year.
Net income came to $56 million, or 3 cents a share, for the fourth quarter ended Jan. 31. That compares with a loss of $340 million, or 20 cents a share, a year earlier.
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