BBA Aviation flies back into the black

BBA Aviation flew back into the black on Thursday as it reported pre-tax profits of $175.5m compared with a loss of $82.2m a year earlier.

The improved performance was made on the back of higher revenue and lower exceptional costs.Revenue rose 10% to $2.37bn, while basic earnings per share were up 24% to 24 cents.

BBA's flight-support unit reported a 3.8% organic rise in revenues to $1.6bn. Aftermarket-services underlying operating profits were up 55.5% to $65.3m.

The final dividend was increased to 13.40 cents a share, up from 12.75 cents.