Airwork boosts full-year profit 58% as expansion of fixed-wing fleet pays off

Fiona Rotherham
Sun, 28 Aug 2016

By Fiona Rotherham Aug. 29 (BusinessDesk) - Specialist aviation company Airwork Holdings has delivered a 58 percent boost in full-year profit to $24.6 million following strong earnings growth in its expanded fixed-wing aircraft business. Revenue for the year ending June 30 increased by 15 percent to $166 million, while earnings before income and tax was up 51 percent to $32.7 million, the Auckland-based company said in a statement. Income from external customers is now weighted to the rest of the world which accounts for $73 million, whil...

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