HAECO Profits Fall in H1 2015

Hong Kong Aircraft Engineering Company (HAECO) has posted a net profit of HK$254m for the first six months of 2015, a fall of 10.2 per cent from the HK$283m ($36.5m) profit recorded in H1 2014.

Despite the fall in profit, the group’s revenue increased by 7.4 per cent to HK5.7bn ($730m) during the period.

John Slosar, HAECO chairman, predicted a mixed outlook for the rest of 2015 for the group and its subsidiaries.

“The workload for line services in Hong Kong is expected to remain stable. Demand for the airframe services of HAECO Americas is expected to remain low, while that of HAECO Xiamen is likely to be lower in the second half of the year,” he said.

TAGS: Asia Pacific
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