Airwork 1H profit beats forecast, raises annual earnings guidance

Tue, 24 Feb 2015

By Paul McBeth Feb. 25 (BusinessDesk) - Airwork Holdings, the aviation service firm, lifted first-half profit 19 percent, beating its prospectus guidance, and has raised its annual earnings forecast after revising the residual value of its Boeing 737 aircraft. Net profit rose to $7.9 million, or 15.3 cents per share, in the six months ended Dec. 31, from $4.6 million , or 10.5 cents, a year earlier, the Auckland-based company said in a statement. That beat Airworks' December 2013 prospectus forecast for a profit of $5.9 million, and the c...

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