Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company, has announced unaudited results for the year ended 30 June 2024.
Financial Highlights
· Revenue for the year was $92.4 million (2023: $92.7 million);
· Net asset value per share increased by 5.2% to $3.62 (2023: $3.44);
· Fleet assets were $832.8 million (2023: $898.6 million) and total assets were $1,142.3 million (2023: $1,179.6 million);
· Net indebtedness reduced by 10.9% to $651.5 million (2023: $731.2 million);
· Total cash and bank balances were $117.9 million (2023: $116.9 million);
· Operating profit of $83.2 million (2023: $71.5 million);
· Profit after tax was $19.7 million (2023: $12.9 million); and
· Earnings per share were 27.9 cents (2023: 18.5 cents);
