Avation Plc (AVAP.L) posted first-half pre-tax profit of 3.22 million pounds versus 2.79 million pounds last year.
Profit attributable to equity holders was 2.06 million pounds versus 1.58 million pounds in the prior-year period. On a per share basis, earnings were 5.29 pence per share versus 5.69 pence per share a year ago.
Revenue grew to 10.06 million pounds from 8.28 million pounds in the same period last year. The increase was primarily a result of the commencement of a stream of aircraft deliveries to Virgin Australia.
Jeff Chatfield, Chairman said, "This period demonstrated that the business strategy of Avation Plc is working and producing reportable increasing profits. I am pleased with current trading as the Company is in the process of profitably and substantially increasing the number of aircraft owned by the Company."
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by RTT Staff Writer
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