Figure 1 - Income Statement

Revenue has been on a slowly increasing uptrend from $878m in 2002 to $1.17 bn in 2011 which is an increase of 33% in 10 years. Other than in 2003 where there is a huge dip in revenue of 25%, the business is fairly recession proof with a 5% drop in 2009. This has to do with its business model which I will explain later. For expenditure wise, Staff cost is the highest contributor as the business is essentially reliant on a skilled labour force to perform MRO. 2nd ...