Avation is a lessor of commercial aircraft to a diversified airline client base. This morning, the group has released a strong set of full year results to 30 June 2019, with core lease revenue growing by 21% in the period. Greater gains on disposal of aircraft led to PBT coming in some 15% higher than our estimate, with EPS 26% ahead, this also reflecting a tax credit being received for the year. Illustrating this performance and management’s confidence looking forward, the total proposed divide ....
05 Sep 2019
Morning Comment
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Morning Comment
Avation PLC (AVAP:LON) | 108 0.5 0.5% | Mkt Cap: 76.5m
- Published:
05 Sep 2019 -
Author:
John Cummins -
Pages:
5
Avation is a lessor of commercial aircraft to a diversified airline client base. This morning, the group has released a strong set of full year results to 30 June 2019, with core lease revenue growing by 21% in the period. Greater gains on disposal of aircraft led to PBT coming in some 15% higher than our estimate, with EPS 26% ahead, this also reflecting a tax credit being received for the year. Illustrating this performance and management’s confidence looking forward, the total proposed divide ....