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Report for AIR PARTNER PLC. (Research & Financial Analysis) - Essay Example
Finance & Accounting
Pages 4 (1004 words)
Name: Institution: Topic: Report for AIR PARTNER PLC. (Research & Financial Analysis) Professor: Course: Date: Report for AIR PARTNER PLC. (Research & Financial Analysis) Air partner is a global firm in aviation industry operating in more than 17 countries in Europe, North America to provide private variation services to the industry, to businesses, governments and individuals worldwide…
Findings a) Financial highlights According to the chairman’s report( air partner’s report 2010), the group made a loss of ?1.65m, a loss of ?0.04 in the financial year 2009.Similarly, the pre-tax profit slumped from ?.6m in 2009 to ?3.5m in 2010 which is attributed to the restructuring costs and loss from some of their operating units. The company’s operation remained profitable despite the challenging environment fueled by a contracting economic outlooks experienced across the world in 2009 and part of 2010.( Vogel,2001).However, its turnover from the continuing operations increased from ?187m in 2009 to ?230m in the year 2010. The annual report released by the director in July 2011, indicates a remarkable increase in turnover and the pretax profit. ...