Avation Plc (AVAP.L), a commercial passenger aircraft leasing company, on Thursday recorded a surge in pre-tax income for the full year, helped by higher finance income and unrealized gain on aircraft purchase rights and deposits paid for aircraft.
For the 12-month period to June 30, the company registered a pre-tax income of $30.046 million, higher than restated $13.830 million posted last year.
Net profit stood at $19.735 million or 27.71 cents per share as against prior year's restated $12.943 million or 18.46 cents per share. Net asset value per share increased to $3.62 from $3.44 per share in 2023.
Finance income climbed to $9.843 million from previous year's restated $5.906 million.
Operating profit was $83.218 million, up from last year's restated $71.463 million.
Unrealized gain on aircraft purchase rights and deposits paid for aircraft jumped to $46.886 million from restated $20.540 million a year ago.
Revenue was $92.397 million, compared with restated $92.691 million in 2023.
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