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Doric Nimrod Air Three : DNA3 – annual results

Doric Nimrod Air Three has published accounts covering the year to the end of March 2014.

The company paid its first dividend in October 2013 of 0.1715p and a second dividend of 1.7185p in January 2014. From now on the company will be paying dividends of 2.0625p per quarter. The company has not changed the residual value of the aircraft it owns. The net asset value at the end of the period was 97p.

In August 2013 Doric Nimrod Air Three Limited received its first Airbus A380 aircraft, bearing manufacturer’s serial numbers (MSN) 132.  The other three aircraft were delivered during the fourth quarter 2013 as follows: 29 October (MSN 136), 14 November (MSN 134) and 27 November (MSN 133).

Usage for the period is shown below

————————————————————————–
MSN   Delivery     Flight Hrs   Flights   Average duration
—-  ———–  ————-  ————–  ————————
132   29/08/2013   3,229          359             9 h 0 min
—-  ———–  ————-  ————–  ————————
133   27/11/2013   1,838          179             10 h 15 min
—-  ———–  ————-  ————–  ————————
134   14/11/2013   1,971          182             10 h 50 min
—-  ———–  ————-  ————–  ————————
136   29/10/2013   2,341          233             10 h 5 min
—-  ———–  ————-  ————–  ————————

Emirates announced its 26(th) consecutive year of profit and company-wide growth for the financial year ended on 31 March 2014, despite competitive pressure and a global economic environment that is only slowly recovering. Emirates’ revenue reached a record high of USD 22.5 billion, up by 13% compared to the previous financial year.

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