Avation Expects Sharp Rise In Interim Profit And Revenue

LONDON (Alliance News) - Avation PLC said Monday is continues to "perform well" and anticipates ...

Alliance News 11 February, 2019 | 11:01AM
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LONDON (Alliance News) - Avation PLC said Monday is continues to "perform well" and anticipates to report a rise in interim profit.

The the commercial aircraft leasing firm predicts first half pretax profit to be double the USD7.3 million reported for the same period last year. The company is guiding for an 11% year-on-year increase in first half revenue to USD58 million from USD52.4 million.

Avation is slated to release its results for the six months to 2018-end on February 21.

Shares in Avation were up 3.6% Monday at 272.98 pence each.

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Avation PLC 182.50 GBX 1.39 -

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