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IN BRIEF: Air Partner to beat market expectations for annual profit

7th Jan 2022 15:06

Air Partner PLC - Gatwick, England-based aviation services firm - For the year ending January 31, expects underlying pretax profit to be materially ahead of market expectations, as a strong performance in the second half to date is bolstered by high levels of Freight booking in December.

The increase in Freight bookings is mostly attributed to the continued transportation of Covid vaccines.

Cash position as at December 31 stands at GBP12.9 million, up from GBP9.8 million at the end of July.

Current stock price: 88.23 pence, up 2.6% on Friday

12-month change: up 25%

By Dayo Laniyan; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.

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