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Dart Group's annual revenue jumps, confident of beating expectations in 2016

Thu, 16th Jul 2015 09:30

(ShareCast News) - Leisure travel, distribution and logistics provider Dart Group saw its annual underlying pre-tax profit surge on the back of improved revenue and said it was confident to beat expectations for the current financial year.The AIM-listed company said its underlying pre-tax profit, which excludes a £17m exceptional charge it booked in the year related to possible passenger compensation for historical flight delays, rose 35.9% year-on-year to £57.2m.Including the one-off charge, pre-tax profit declined 4.5% to £40.2m.Group revenue rose by 12% year-on-year to £1.25bn, boosted by a strong performance in its leisure travel business, where revenue increased by 14%.The division saw an 8% increase in the number of passenger Dart flew over the year, in line with its increased seat capacity, while the number of package holiday customers rose by 20%, the company said on Thursday.However, revenue in the distribution and logistics arm fell 0.97% to £151.7m.The company has lifted its final dividend payout by 5.1% to 2.25p per share,bringing its total dividend for the year up by 9% to 3p.Dart added it has started the 2016 financial year well and it expects it will exceed current market expectations for the full year.Dart shares were up 3.43% to 430.25p at 08:54 on Thursday.
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5 Sep 2019 09:49

Dart Group cautious on outlook given 'deepening Brexit uncertainty'

(Sharecast News) - Airline holding company Dart Group said on Thursday that it was confident of meeting profit expectations for the full year but remains cautious on its outlook due to Brexit uncertainty.

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4 Jul 2019 16:05

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17 Apr 2019 13:32

Wednesday broker round-up

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17 Apr 2019 09:19

Dart Group Guides For Annual Profit Ahead Of Expectations

LONDON (Alliance News) - Dart Group PLC on Wednesday said it expects annual profit to be "slightly ahead of current market expectations", due to the success of its Leisure Travel the and

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17 Apr 2019 09:17

Dart Group forecasts profits 'slightly' ahead of expectations

(Sharecast News) - Aviation and distribution outfit Dart Group said it expected full-year pre-tax profits to be slightly ahead of market expectations.

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Cenkos Securities CFO To Step Down, Adds 12 Smith & Williamson Clients

LONDON (Alliance News) - Cenkos Securities PLC said Wednesday Chief Financial Officer Phillip Anderson is stepping down from the company as it completes the acquisition of Smith & Williamson a

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30 Aug 2018 16:02

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27 Jul 2018 12:14

DIRECTOR DEALINGS: Dart Group Chair Sells GBP4.6 Million Of Stock

LONDON (Alliance News) - Travel and logistics firm Dart Group PLC on Friday said Executive Chairman Philip Meeson sold shares worth GBP4.6 million.Meeson sold 500,000 shares at a price of a

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22 Mar 2018 11:46

Safestyle UK Expecting Cost Reduction Boost In Difficult Market

LONDON (Alliance News) - Safestyle UK PLC on Thursday reported a steep drop in profit during 2017 in an increasingly difficult market, as it announced the

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23 Dec 2016 12:04

Dart Group purchasing four new Boeing 737s

(ShareCast News) - Dart Group announced on Friday that it has entered into an agreement with Boeing to purchase a further four new Boeing 737-800NG aircraft in addition to the acquisition of a total of 30 aircraft announced in 2015. The AIM-traded firm said the additional four aircraft will be deliv

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23 Dec 2016 07:33

Dart Group Buys Four More Boeing 737-800NG Aircraft

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17 Nov 2016 09:21

Dart Group takes off on stronger package holiday sales

(ShareCast News) - Dart Group reported better than expected interim results and was optimistic it will slightly exceed full year forecasts, as strong growth in its Jet2 package holiday business offset lower profits from its distribution and logistics arm. On revenue 21% higher at £1.24bn i the six m

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17 Nov 2016 08:04

Dart Group To Exceed Annual Expectations After First-Half Profit Rise

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