Airwork sees annual profit growth of 48%, expects 1H to beat prospectus

Tue, 21 Oct 2014

By Paul McBeth Oct. 21 (BusinessDesk) - Airwork Holdings, the aviation service firm which listed on the stock exchange last December, expects to lift annual profit 48 percent in the current year, with first-half earnings tipped to beat its offer document forecast as its helicopter engineering unit is poised for more growth. Net profit is expected to increase to $14.5 million in the 12 months ending June 30, 2015, from $9.8 million in 2014, chairman Mike Daniel told shareholders in Auckland. The company is also on target to post first-half...

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