Dart Group - Preliminary Results (16th July 2015)

Dart Group (DTG) - Pre-Tax Profit Up

The preliminary results from Dart Group look quite impressive this morning. The key points are as follows:

• underlying pre-tax profits of £57.2m for the year to the end of March - up 36% compared to last year
• Group Turnover up by 12% to £1,253.2m - underlying operating profits were up 3% at £50.6m, this reflected improved trading and continued investment in Darts Leisure Travel business.
• Allowing for an exceptional provision of £17.0m, in relation to potential passenger compensation claims (for historical flight delays under Regulation (EC) No 261/2004) - group profit before tax (pbt) fell 5% to £40.2m.
• Leisure Travel turnover growth of 14% to £1,101.5m (2014: £967.0m) reflected an 8% increase in passenger sectors flown, in line with increased seat capacity. There was also a 20% increase in package holiday customers.
• Distribution & Logistics added £151.7m of turnover (2014: £153.2m).

Link to full results HERE