Air Partner increases its 2016 interim dividend by 10%

DividendMax Ltd.

Air Partner increases its 2016 interim dividend by 10%

Financial Highlights:

Gross profit of £16.1m, a year-on-year increase of 34%, reflecting strong trading performance and contribution from Baines Simmons

Underlying PBT of £3.0m, a year-on-year increase of 35% with Broking and Consulting performing well

o Commercial Jets delivered underlying operating profit growth of 18%

o Private Jets achieved record H1 results

o Consulting division integrated and contributed underlying profit of £0.3m

Underlying EPS of 22.3p, a year-on-year increase of 30%

Net cash inflow from operating activities of £5.1m, compared to outflow of £1.2m in prior period

Net cash (non-JetCard cash less debt), of £5.2m compared to net debt of £0.5m at year end

Interim dividend increased 10% to 8.06p per share payable on 28 October 2016

Companies mentioned