My take on this is that it’s quite a positive announcement. Rex notes that PBT for the entire group was $3 million. Multiply that by 12 and its PBT of $36 million for a company that only has a market cap of $165 million. The company is also looking to secure leases on another 2 jets, to expand the recently acquired FIFO business and to start generating a profit on the regional Saab operations.
Ann: Rex Announces Increased Profitability, page-5
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