Airwork lifts annual forecast profit on strong helicopter unit trading

Tue, 18 Mar 2014

March 19 (BusinessDesk) - Airwork Holdings, the aviation services specialist which listed last December, says annual profit will beat its offer document forecast by $1 million as its helicopter division operates ahead of expectations. The Auckland-based company expects net profit of $9.4 million in the year ending June 30, up from the forecast $8.4 million in its initial public offer document, it said in a statement. The upgrade comes after Airwork affirmed the IPO forecast last month when reporting its first-half result. The “helicopter d...

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