Airwork forecasts 30% gain in full-year profit on strong 1Q performance from planes, choppers

Sophie Boot
Wed, 11 Nov 2015

By Sophie Boot Nov. 11 (BusinessDesk) - Airwork Holdings, the listed aviation services firm, forecast a 30 percent gain in annual profit, after strong performances from its helicopter and fixed-wing businesses in the first quarter. The Auckland-based company expects profit to rise to at least $20 million, or 40 cents a share, in the 12 months ending June 30, 2016, chief executive Chris Hart told shareholders at their annual meeting in Auckland. That's up from profit of $15.5 million on revenue of $144.9 million in the 2015 financial year....

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