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TRADING UPDATE AND HALF-YEAR RESULTS

Mon, 11th Feb 2019 07:00


RNS Number : 6038P
Avation PLC
11 February 2019

AVATION PLC

("AVAP" or "the Company")

TRADING UPDATE AND HALF-YEAR RESULTS

TRADING RESULTS

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, provides investors with an update on current operations concerning the half-year period ending 31 December 2018.

The Company's business continues to perform well. Results preparation is underway and Avation expects to report increased profit for the six months ended 31 December 2018, with both earnings per share and profit before taxation expected to be approximately double that of the comparable half-year period ended 31 December 2017. Revenue (unaudited) is expected to increase to approximately US$58 million (2017: US$52.4 million).

HALF-YEAR RESULTS

The Company advises that it expects to publish its results for the six-month period on the morning of 21 February 2019.

The Company will make further announcements, provide appropriate commentary and establish an investor call associated with the results in due course.

-ENDS-

More information on Avation can be seen at: www.avation.net

Enquiries:

Avation PLC - Jeff Chatfield, Executive Chairman +65 6252 2077

Notes to Editors:

Avation PLC is an aircraft leasing company, headquartered in Singapore, owning and managing a fleet of commercial passenger aircraft which it leases to international airlines across the globe.

More information on Avation is available at www.avation.net.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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Related Shares:
Avation (AVAP)



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