Gama projects strong half-yearly revenue growth

Gama Aviation announced its half-yearly unaudited results for 2022 projecting strong revenue growth of 30%. The company said that revenue rose to $139.3 million from $107.3 million in the year-prior period and the pretax loss was $576,000 compared with a restated pretax loss of $4.2 million for the first half of 2021. On 27 September 2022, Gama completed the sale and lease back of its helicopter assets, resulting in a cash inflow of $27m and reducing net bank debt to $13.3m. The company showed strong liquidity with $11.4m as against $10.2m in FY 2021. Commenting on the half-year results, Marwan