Financial Statements and Related Announcement::Full Yearly Results

Issuer & Securities

Issuer/ Manager: AVATION CAPITAL S.A.
Securities: AVATIONCAPUS$100M7.5%N200527A - US05351QAA40 - 29YB
AVATIONCAPUS$100M7.5%N200527R - USL5647NAA20 - 29ZB
Stapled Security: No

Announcement Title: Financial Statements and Related Announcement
Date &Time of Broadcast: 07-Sep-2015 17:16:47
Status: New
Announcement Sub Title: Full Yearly Results
Announcement Reference: SG150907OTHRBC6Y
Submitted By (Co./ Ind. Name): AVATION PLC / DUNCAN SCOTT
Designation: GENERAL COUNSEL
Effective Date and Time of the event: 07/09/2015 17:00:00
Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format): Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, today announces its unaudited preliminary financial results for the year ended 30 June 2015.

Overview

- Aircraft lease revenue increased by 17 per cent to $56.9 million (2014: $48.7 million);
- The number of aircraft in the fleet increased to 29 aircraft (2014: 25 aircraft);
- Dividend increase of 49 per cent to 3.00 US cents per share (2014: 2.01 US cents per share);
- Underlying pre-tax profit from leasing business increased to $14.8 million (2014: $13.2 million);
- Net profit for the year decreased by 7 per cent to $13.3 million (2014: $14.3 million);
- Net cash flow from operating activities increased to $43.5 million (2014: $27.6 million);
- Successful issue of first $100 million unsecured tranche and establishment of a $500 million Global Medium Term Note programme; and
- Cash and cash equivalents as at 30 June 2015 of $108.6 million (2014: $23.4 million).

All amounts in US$.

Total size =187K