Berlin — German aircraft engine manufacturer MTU Aero Engines on Friday reported a loss before interest and taxes of €410 million ($433 million) for the 9-month period, compared with earnings of €331 million in the same period a year ago.
The company said its figures were affected by exceptional charges of about €1 billion for the Geared Turbofan inspection programme.
Excluding one-time items, the company posted adjusted earnings before interest and taxes or EBIT of €597 million, higher than €448 million last year.
MTU Aero Engines incurred a net loss of €312 million or 5.86 cents per share for the period compared with net profit of €212 million or 3.97 cents per share in the previous year.
Adjusted net income was €438 million at end-September, an increase of 37% from last year.
Revenue for the 9-month period declined to €3.653 billion from €3.818 billion a year ago.
Adjusted revenue, however, increased to €4.610 billion from €3.818 billion in the previous year.
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