Aircraft firm in €5m profit
This follows the company increasing revenues by 34%, going from $144m to $193m in the 12 months to the end of December last year. The profit contrasts with the previous year, when the company recorded pre-tax losses of $24m in 2010 — a swing of $30.6m.
According to the directors’ report “the level of income increased year on year due to an increase in management fees received. The directors expect that the present level of activity will be sustained for the foreseeable future”.
