CAE's profit amounted to eight cents per share, down from 17 cents per share or $43.5 million a year earlier.
Nevertheless, the company said its quarterly dividend will be increased by 25 per cent to five cents a share starting with the September payout, reflecting CAE's confidence that its restructuring efforts will pay off.
The Montreal-based company's revenue rose to $480.1 million from $427.9 million.
That was partially offset by $32 million in restructuring and acquisition-related costs, including about $21 million for severance payments during the quarter ended June 30.
The company has been integrating Oxford Aviation, an airline pilot training company that CAE acquired in a $314-million deal announced in May.
CAE manufacturers flight simulators and provides training services for commercial airline pilots. It also provides a range of training and simulation equipment for military customers around the world.
In Ottawa, the company recently announced it will hire 25 people in association with a previously disclosed $22.6-million deal related to the Canadian Forces' advanced synthetic environment project.
CAE has about 325 people in the national capital, according to Ottawa Technology magazine numbers disclosed earlier this year, before the layoffs were announced.
- With files from OBJ Staff