Business
Half year report
Half year report.
About this update from Avation Plc
[{"type":"text","content":"\n \n\n AVATION PLC\n CONSOLIDATED UNAUDITED RESULTS FOR THE\n SIX MONTHS ENDED 31 DECEMBER 2010\n\nAvation PLC, the aircraft leasing company, presents its interim results for the six months to 31 December\n2010.\n\nThe highlights presented in the results are:\n\n * The consolidated net profit after tax attributable to shareholders of Avation PLC increased by 98% to\n £1,584,826 for the 6 month period\n * Revenues increased by 10% to £8,282,327\n * An 87% increase in basic earnings per share to 5.86 pence per share\n * A major business endeavour with Virgin Blue Airlines Pty Ltd has been established\n * A move from PLUS to a standard listing on the main market of the London Stock Exchange\n\nENQUIRES:\n\nAvation PLC\nJeff Chatfield, Chairman +44 7783 942 553\n\nW H IRELAND\nHarry Ansell, Stockbroker +44 20 7220 1670\n\nFinancial Public Relations\nBishopsgate Communications +44 207 562 3350\nLaura Stevens/Giang Nguyen\n\nWebsites\nwww.avation.net\n\nAVATION PLC (the \"Company\")\nREGISTERED NUMBER: 05872328 (ENGLAND & WALES)\nUNAUDITED RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2010\nCHAIRMAN'S STATEMENT AND INTERIM MANAGEMENT REPORT\n\nThe highlights in the results are:\n\n * Consolidated net profit after tax attributable to shareholders of Avation PLC increased by 98% to\n £1,584,826 for the 6 month period\n * Revenues increased by 10% to £8,282,327\n * An 87% increase in basic earnings per share to 5.86 pence per share\n * A major business endeavour with Virgin Blue Airlines Pty Ltd has been established\n * A move from PLUS to a standard listing on the main market of the London Stock Exchange\n\nI am pleased to present the Company's interim results for the six months ended 31 December 2010 (the \"Period\").\nThe total consolidated revenue for the six month period was £8.3 million which is an increase of 10 per cent on the\ncomparative period (31 Dec 2009: £7.6 million) as a result of higher lease rental income received during this\nperiod derived from the leasing of an additional Airbus A320-200 aircraft from April 2010.\n\nThe Avation Group net profit after income tax attributable to the shareholders was recorded as £1.6 million, a 98\nper cent increase on the comparative period (31 Dec 2009: £0.8 million). In line with an expansion of the scale of\nthe Group's operations, profits have increased.\n\nBasic earnings per s...