Gama Aviation (GMAA)

Sector:

Commercial Transport

Index:

FTSE AIM All-Share

60.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 115.00p
  • 52 Week Low: 58.50p
  • Currency: UK Pounds
  • Shares Issued: 63.64m
  • Volume: 10,588
  • Market Cap: £38.50m

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.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Gama Aviation Market Data

Currency UK Pounds
Share Price 60.50p
Change Today -0.50p
% Change -0.82 %
52 Week High 115.00p
52 Week Low 58.50p
Volume 10,588
Shares Issued 63.64m
Market Cap £38.50m

Gama Aviation Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.53% above the market average87.53% above the market average87.53% above the market average87.53% above the market average87.53% above the market average
76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average
Price Trend
84.53% below the market average84.53% below the market average84.53% below the market average84.53% below the market average84.53% below the market average
88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average
Income
47.38% above the market average47.38% above the market average47.38% above the market average47.38% above the market average47.38% above the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average
Growth
66.44% below the market average66.44% below the market average66.44% below the market average66.44% below the market average66.44% below the market average
12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% 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 17-Jan-2020

Time Volume / Share Price
10:39 10,588 @ 60.00p

Gama Aviation Key Personnel

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

Top of Page