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Avation Sees Higher Results In Half Year; Stock Up

Shares of Avation Plc (AVAP.L) wree gaining around 3 percent in the morning trading in London after the commercial passenger aircraft leasing company said Monday that its business continues to perform well and that it expects increased results for its half year.

In its trading update for the six months ended December 31, 2018, the company noted that it expects to report increased profit, with both earnings per share and profit before taxation expected to be approximately double that of the comparable half-year period a year ago.

Revenue is expected to increase to approximately $58 million from prior year's $52.4 million.

The Company expects to publish its results for the six-month period on February 21.

In London, Avation shares were trading at 271.98 pence, up 3.22 percent.

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