HAECO 2013 final results announcement

The HAECO Group reported an attributable profit of HK$625m in 2013, 24.0% lower than that in 2012. Earnings per share decreased by 24.0% to HK$3.76. Turnover increased by 26.7% to HK$7,387m. Demand for line maintenance services in Hong Kong remained stable. 2.8% more aircraft movements were handled in 2013 than in 2012. Airframe maintenance and component overhaul services in Hong Kong were adversely affected by shortages of skilled and semiskilled labour, which resulted in a significant reduction in capacity. 13.5% fewer manhours were sold by HAECO for airframe maintenance in 2013 than in 2012.

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