The Regional Express (Rex) Group has posted its first half financial year 2018 (1H FY18) results.
Rex announced a statutory Profit Before Tax (PBT) of AU$13.8m for the first half, on a turnover of AU$151m, representing a 60% improvement on its PBT compared to the prior period.
Rex Executive Chairman Lim Kim Hai said, “first half passenger numbers registered a steady improvement of 3.6% over the prior period, continuing the trend that was observed in financial year 2017. Charter activity also increased, indicating that the worldwide economic recovery is having its effect in Australia.”
“The Board believes that the second half of financial year 2018 will also see improvement over the prior period although not by such a spectacular amount. Over the full financial year, we believe that the overall results should show an improvement of over 20% compared to the prior year.”
