Safran 2011 Net Profit Rises 27%

Safran SA

posted a 27% surge in its full-year net profit for 2011. Safran's net profit rose to EUR644 million, versus analysts' estimates of EUR685.6 million. Its recurring operating profit jumped 35% to EUR1.19 billion. However, its revenue climbed 9.1% to EUR11.74 billion. Safran shares closed at $33.70 yesterday.