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IN BRIEF: Avation Annual Profit Falls On USD36 Million Impairment

23rd Oct 2020 14:01

Avation PLC - London-based aircraft leasing company - Revenue in year ended June 30 rose 14% to USD135.3 million from USD119.1 million and pretax profit fell 43% to USD14.6 million from USD25.6 million. Records USD35.5 million impairment loss on aircraft, against none in prior year. Raises payout by 15% to 10.6 cents from 9.25 cents.

Current stock price: 106.00 pence

Year-to-date change: down 61%

By Eric Cunha; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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