Airwork on track to meet FY target after 1H profit slips 18 percent on IPO costs, interest rate swaps

Wed, 19 Feb 2014

By Paul McBeth Feb. 20 (BusinessDesk) - Airwork Holdings, the aviation services specialist which listed last December, is on track to meet its annual earnings target after first-half profit slid 18 percent on the cost of its initial public offer and a revaluation of its interest rate swaps. Net profit fell to $4.6 million, or 10.6 cents per share, in the six months ended Dec. 31 from $5.6 million or 13.2 cents, a year earlier, the Auckland-based company said in a statement. Underlying earnings, which strips out $1.3 million in IPO costs and...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Opinion
PATTRICK SMELLIE: The first leaders’ debate changes nothing
Pattrick Smellie | Wed, 23 Sep 2020

Rarely in the last 40 years has a general election felt such a fait accompli as this one.

Opinion
DAVID CHAPLIN: When term deposits go bad
David Chaplin | Wed, 23 Sep 2020

Both the government and many investors are taking it slow on decisions to improve retirement savings returns.

Services
House of Travel: from record year to closing stores
Rebecca Stevenson | Wed, 23 Sep 2020

In 2019 House of Travel had turnover in excess of $2 billion. It's anything but business as usual now. 

Partner Content
The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.

Sponsored
Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.