The Financial Post reports in its Friday edition that Bombardier posted a first-quarter profit of $110-million, down from a profit of $302-million a year earlier, as its revenue fell 12 per cent (all figures U.S.). A Canadian Press dispatch to the Post says that the Montreal aircraft maker says profit amounted to $1.02 per diluted share for the quarter ended March 31, down from $2.98 per diluted share in the same quarter last year. Revenue totalled $1.28-billion, down from $1.45-billion. The company delivered 20 aircraft for the quarter and remains on track to reach its planned guidance for the year, while its services revenue rose 13 per cent compared with a year ago. On an adjusted basis, Bombardier says it earned 36 cents per diluted share, down from an adjusted profit of $1.06 per diluted share a year earlier. Bombardier closed at $61.74 (Canadian), up $4.74 (Canadian), after the federal government announced it would make allow the company a sanctions exemption on Russian titanium imports.