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Hong Kong Aircraft Engineering says HY net profit HK$348 mln


Tuesday, 15 Aug 2017 12:12am EDT 

Aug 15 (Reuters) - Hong Kong Aircraft Engineering Co Ltd <0044.HK>:hy net profit hk$ 348 million versus hk$1,111 million a year ago.hy revenue hk$ 7.41 billion versus hk$7.10 billion.workload for haeco hong kong's airframe maintenance services expected to be less in second half than in first half.special interim dividend per share of hk$2.35.demand for Haeco Americas' airframe services is expected to decrease in second half of 2017 compared with first half.first interim dividend per share hk$0.53.Growth in demand for seats in second half of 2017 is expected to continue.demand for haeco Xiamen's airframe services is expected to be less in second than in first half of 2017.Demand for TEXL's engine overhaul services is expected to be stable in second half of 2017.HAESL's results in second half of 2017 are expected to be adversely affected by higher depreciation and training costs.Overall, haeco group's adjusted profit for 2017 is expected to be below that of 2016..