Air Partner releases second half statement

Air Partner has had another encouraging year and the board is confident about future prospects. It reports a good second half to 2017, which has been driven by continued performance across all product lines within the broking division, including strong results in the US and in freight.

Underlying pre-tax profit for the financial year ending 31 January, 2018, is expected to be not less than $8.9 million, which compares to $7.1 million reported in the same period last year and ahead of the market consensus of $8.2 million. The group retains a strong net cash position.