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BBA Aviation profit rises; finance director to step down

Reuters - UK Focus

March 5 (Reuters) - British aircraft services provider BBA Aviation Plc reported an 8 percent rise in full-year pretax profit and said Finance Director Mark Hoad would step down on June 30.

The company, which provides refuelling, de-icing, ground handling, engine repair and other services to aviation companies, said underlying pretax profit rose to $170.5 million in the year ended Dec. 31 from $157.8 million a year earlier.

BBA Aviation (LSE: BBA.L - news) said the results were boosted by a strong performance at its flight support unit Signature (Other OTC: SGGH - news) .

The London-listed company said it has begun looking for successor for Hoad.