Airwork annual profit climbs 52 percent, beating forecast

Wed, 27 Aug 2014

By Paul McBeth Aug. 28 (BusinessDesk) - Airwork Holdings, the aviation services firm which listed last December, boosted annual profit 52 percent on the strength of its helicopter engineering unit, beating guidance. The shares gained. Net profit rose to $9.83 million, or 20.8 cents per share, in the 12 months ended June 30, from $6.47 million, or 15.2 cents, a year earlier, the Auckland-based company said in a statement. That beat the $9.4 million guidance it gave in March, and the $8 million forecast in its December offer document. Reven...

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