Airwork affirms annual profit growth forecast; flags slowdown in helicopter trading

Mon, 09 Feb 2015

By Suze Metherell Feb. 10 (BusinessDesk) - Airwork Holdings, the listed aviation business, still expects annual earnings to climb 48 percent this financial year even as a slowdown in helicopter trading weighs on revenue. The Auckland-based company reaffirmed its October guidance, saying it expects profit to be $14.5 million in the year ending June 30, up from $9.8 million last year, as a slowdown in the helicopter market is offset by more freighter leases to European customers. The company has been using debt to acquire Boeing 737-400s fo...

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