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Doric Nimrod Air Two : DNA2 – annual results

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

There has been no change to the 4.5p per quarter dividend payment and the company has not changed the residual value of the aircraft it owns. The net asset value rose to 203.8p from 168.7p – this largely reflects foreign exchange movements.

Doric Nimrod Air Two owns seven aircraft, all Airbus A380s – usage for the period is shown below

MSN   Delivery     Flight Hrs   Flight time    Average Duration

—–  ———–  ————-  ——–  ————————
077   14/10/2011   11,456         1,306     8 h 45 min
—-  ———–  ————-  ——–  ————————
090   02/12/2011   9,796          1,658     5 h 55 min
—-  ———–  ————-  ——–  ————————
105   01/10/2012   7,033          1,130     6 h 15 min
—-  ———–  ————-  ——–  ————————
106   01/10/2012   7,846          882       8 h 55 min
—-  ———–  ————-  ——–  ————————
107   12/10/2012   7,750          868       8 h 55 min
—-  ———–  ————-  ——–  ————————
109   09/11/2012   5,871          954       6 h 10 min
—-  ———–  ————-  ——–  ————————
110   30/11/2012   5,978          1,015     5 h 55 min
—-  ———–  ————-  ——–  ————————

MSN 90 had its passenger cabin refurbished during the period.

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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