Fly540 parent reports surging revenue, losses widen in 1HFY2010

Lonrho Plc, the conglomerate that owns Fly540, reports (11-May-2010) the following financial highlights for the six months ended 31-Mar-2010:

• Revenue: GBP47.3 million, +23.5%* year-on-year;
  • Lonrho Aviation: n/a, +22.5%;
• Cost of sales: GBP35.3 million, +1.1%;
• EBITDA: GBP2.8 million, +47.4%;
• Operating profit (loss): (GBP5.8 million), compared to a loss of GBP5.3 million in the previous corresponding period;
• Profit (loss) before tax: (GBP1.5 million), compared to a profit of GBP0.6 million in the previous corresponding period;
• Net profit (loss): (GBP1.0 million), compared to a profit of GBP0.1 million in the previous corresponding period. [more]

*Based on a comparable currency basis