Bermuda Aviation Services announces net earnings

Bermuda Aviation Services net earnings attributable to shareholders of $2.8 million for the year ended March 31, 2016, which compares to net income of $471,000 for the corresponding period in 2015. “The Group has posted total consolidated net revenues of $39.4 million, down from $40 million in the prior year. Gross profit is $15.5 million, an increase of $1 million from the prior year,” the company said. “Total operating expenses have decreased by $0.2 million to $14 million as a result of tight budgetary control and increased management oversight. Total equity attributable to shareholders is $27 million, an increase of