Airwork annual profit edges up 0.7%, boosted by fixed wing business

Mon, 28 Aug 2017

By Rebecca Howard Aug. 29 (BusinessDesk) - Airwork Holdings lifted annual profit 0.7 percent, in line with its guidance, as a bigger fleet in its fixed wing division delivered better earnings offsetting a weaker result from its helicopter unit. Net profit increased to $24.8 million, or 47.3 cents a share, in the 12 months ended June 30, from $24.6 million, or 47.4 cents, in the prior year, the Auckland-based company said in a statement. In February, the company, which is 75 percent-owned by China's Zhejiang Rifa Holding Group, said it wa...

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