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Air Partner
By Appointment to Her Majesty The Queen Supplier of Aircraft Charter
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Results for the six months ended 31 January 2008

Highlights:

  

* Sales

up 21% to £109.4m (H12007: £90.3m)

* Profit before tax

up 12% to £3.9m (H12007: £3.5m)

* Diluted EPS

up 9% to 25.1p (H12007: 23.0p)

* Proposed interim dividend

up 10% to 7.4p (H12007: 6.7p)

* Cash

down 17% to £14.3m (due to 2007 special dividend payment)

* 20% increase in new clients

* Diversification strategy driving growth

* Government and high net worth sectors strong

* UK, France and Italy best performing offices

* Freight division has exceeded its annual target

* Current trading good

* Excellent forward orders up 40% on comparative period

 

 

David Savile, Chief Executive of Air Partner commented: “I am pleased to report that today Air Partner serves more clients, has greater sales revenue and delivers higher profits than at any time in its 47 year history.  Air Partner’s team is unique within its peer group; it demonstrates outstanding skills on a daily basis, and it is well placed to respond favourably to today’s market conditions.”

 

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