Gama Aviation (GMAA)

Sector:

Commercial Transport

Index:

FTSE AIM All-Share

 37.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 77.50
  • 52 Week Low: 32.00
  • Currency: UK Pounds
  • Shares Issued: 63.64m
  • Volume: 1,473
  • Market Cap: £23.55m

Gama Aviation narrows losses as revenues soar

By Iain Gilbert

Date: Wednesday 16 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Aviation services provider Gama Aviation saw revenues soar during the first six months of the year, helping it to narrow pre-tax losses for the period.
Pre-tax losses narrowed 25% to $1.8m as revenues shot up 22.5% to $121.8m, driven by the ground division, where revenues and gross profits grew by 31.1% and 28.5% respectively. The group highlighted the expansion of its US ground business and a strong performance in Europe, driven by recent contract wins and enhanced capacity at the new Bournemouth facility.

The performance of its air division remains stable in "a very challenging market environment", it said.

Administrative expenses fell 7.1% to $20.7m, helping to offset a 325% increase in finance costs to $2m.

Adjusted earnings before interest and tax came to $2.9m - a 12.7% year-on-year drop, while net debt skyrocketed 758% to $24.9m in the six months ended 30 June.

Chief executive Marwan Khalek said: "The results for the half-year demonstrate the initial positive impact of the changes we have undertaken to strengthen our operational platform.

"The macroeconomic climate remains challenging but given the resilience of our business and the steps we have undertaken to bring the business back on track, we are pleased to report that the outlook for the full-year 2019 remains in line with the group's previous guidance."

As of 1020 BST, Gama shares had dipped 0.75% to 74.44p.

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Gama Aviation Market Data

Currency UK Pounds
Share Price 37.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 77.50
52 Week Low 32.00
Volume 1,473
Shares Issued 63.64m
Market Cap £23.55m

Gama Aviation Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.03% above the market average38.03% above the market average38.03% above the market average38.03% above the market average38.03% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
76.77% below the market average76.77% below the market average76.77% below the market average76.77% below the market average76.77% below the market average
44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average
Income Not Available
Growth
94.06% below the market average94.06% below the market average94.06% below the market average94.06% below the market average94.06% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

Gama Aviation Dividends

  Latest Previous
  Final Final
Ex-Div 04-Jul-19 28-Jun-18
Paid 25-Jul-19 25-Jul-18
Amount 2.00p 2.75p

Trades for 12-Aug-2020

Time Volume / Share Price
11:55 32,607 @ 39.74p
12:15 1,473 @ 35.66p

Gama Aviation Key Personnel

CEO Marwan Khalek
COO Neil Medley
Chair Simon To
CFO Daniel Ruback

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