September 24, 2016 7:38 PM ET

Transportation Infrastructure

Company Overview of Taikoo Engine Services (Xiamen) Limited

Company Overview

GE Engine Services (Xiamen) Co., Ltd. provides aviation services. The company also provides maintenance and support services for operators of engines. It offers overhaul and repair of engines, component repair, on wing support, and spare parts. The company also maintains engine accessories and key aircraft accessories, as well as provides remote diagnostics monitoring of aircraft in flight. In addition, it offers a range of engine leasing plans and airframe maintenance services. The company was founded in 1999 and is based in Xiamen, China with overhaul and repair facilities in Nantgarw, Wales; Prestwick, Scotland; Tokyo, Japan; Singapore; Kuala Lumpur, Malaysia; Petropolis, Brazil; Cincinna...

No. 5 Gaoqi Nan 3 Road

Gaoqi International Airport

Xiamen,  361006

China

Founded in 1999

Phone:

86 59 2573 3000

Fax:

86 59 2573 1502

Key Executives for Taikoo Engine Services (Xiamen) Limited

Chairman and Managing Director
Compensation as of Fiscal Year 2016.

Taikoo Engine Services (Xiamen) Limited Key Developments

Taikoo Engine Services (Xiamen) Company Limited Reports Earnings Results for the Six Months Ended June 30, 2016

Taikoo Engine Services (Xiamen) Company Limited reported earnings results for the six months ended June 30, 2016. Profit was HKD 148 million against HKD 71 million last year. Revenue was HKD 2,515 million against HKD 1,538 million last year. The increase reflects more engines having been overhauled and more component repair work. Operating profit was HKD 177 million against HKD 102 million last year. Profit before taxation was HKD 174 million against HKD 96 million last year.

Taikoo Engine Services (Xiamen) Limited Announces Audited Earnings and Operating Results for the Full Year Ended December 31, 2015; Provides Operating Guidance for the Fiscal 2016

Taikoo Engine Services (Xiamen) Limited announced audited earnings and operating results for the full year ended December 31, 2015. For the year, the company reported profit attributable to the company's shareholders was HKD 149 million against HKD 166 million a year ago. Total revenue was HKD 3,719 million against HKD 3,538 million a year ago. Operating profit was HKD 254 million against HKD 217 million a year ago. Profit before taxation was HKD 244 million against HKD 205 million a year ago. For the year 2015, TEXL completed 59 quick turn repairs on GE90 aircraft engines (56 of them being heavy or medium repairs) and 30 performance restorations on such engines, compared to 34 quick turn repairs and 37 performance restorations in 2014. TEXL also did high pressure compressor spool replacements, high pressure turbine shroud and vane replacements, low pressure turbine disc and blade replacements and turbine centre frame modifications. The company announced demand for TEXL's overhaul services is expected to remain firm in 2016.

Taikoo Engine Services (Xiamen) Limited Reports Unaudited Earnings Results for the Six Months Ended June 30, 2015

Taikoo Engine Services (Xiamen) Limited reported unaudited earnings results for the six months ended June 30, 2015. For the six months, the company reported revenue of HKD 1,538 million compared to HKD 1,299 million a year ago. Profit attributable to the shareholders of the company was HKD 52 million compared to profit attributable to the shareholders of the company of HKD 68 million a year ago. With more engines overhauled, the company recorded a higher profit before tax in the first half of 2015 than in the same period last year but its after tax profits fell because, from January 2015, it no longer had tax losses to utilise.

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