PASSUR Aerospace, Inc. Enjoys Strong H1 According to BAC Company Report08 Aug 2012 • by Natalie Aster
LONDON – In its recently published half-year financial report PASSUR Aerospace declared an impressive increase in net income of 118% comparing to the H1 2011. At the same time revenue only added 2% to its previous number. Such noticeable improvement of profit margins was mainly brought by declined interest costs. As a result, revenue amounted USD 6996 K, net income reached USD 939 K.
The revised results for April 2012, company’s first quarter in 2012, indicate revenue of USD 3532 K, gross profit of USD 2028 K, operating income of USD 636.6 K, and net income of USD 559.4 K. The company also reported good market acceptance of new Integrated Traffic Management platform (PITM), which is being actively developed and improved. Company’s CEO introduced new module - Airport Information Network – to the PITM. It allows diversions, congestion, and tarmac delays management at the regional and national level.
Founded in 1967 and headquartered in Stamford, CT (USA), PASSUR Aerospace engages in design, development and implementation of business solutions for airlines and airports. The company has over 200 corporate aviation customers, its software is launched in more than 60 airports of US, Canada, Bahamas, Bermuda, Germany, Iceland, Japan, the Netherlands and Puerto Rico. PASSUR trades on PINK OTC MARKETS INC under the ticker PSSR.
Find full report on the company’s present activities, risk factors, business possibilities and experts’ forecasts in “PASSUR Aerospace, Inc. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
PASSUR Aerospace, Inc. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Jul, 2012
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