NFI Group's net loss widens in Q3 to US$140.9M as it faces a new tariff on buses

NFI Group's net loss widens in Q3 to US$140.9M as it faces a new tariff on buses

NFI Group Inc.'s Net Loss Grows In Q3 As It Faces A New Tariff On Buses

NFI Group Inc. reported a net loss of US$140.9 million during the third quarter, compared with a loss of US$15 million during the same period a year earlier. The Winnipeg-based bus maker says its net loss per share amounted to US$1.18, up from 13 cents US a year earlier. Revenue for the quarter amounted to US$879.9 million, rising 23.7 per cent year-over-year from US$711.3 million. Meanwhile, revenue from NFI’s manufacturing segment rose by US$1…