Airbus reports Half-Year 2018 (H1) financial results

 Commercial aircraft environment robust, backlog underpins ramp-up plans

·         H1 financials reflect mainly A350 XWB performance and delivery phasing

·         Revenues € 25 billion; EBIT Adjusted € 1.2 billion

·         EBIT (reported) € 1.1 billion; EPS (reported) € 0.64

·         2018 guidance maintained

Airbus SE (stock exchange symbol: AIR) reported Half-Year (H1) 2018 consolidated financial results and maintained its guidance for the full year.

“The first half financials reflect the back-loaded deliveries due to A320neo engine shortages, while on the positive side there was a strong improvement on the A350 programme,” said Airbus Chief Executive Officer Tom Enders. “A320neo aircraft deliveries picked up during the second quarter but challenges remain to meet our full year targets. Market demand remains strong for the expanded Airbus portfolio that now includes the A220 at the smaller end. The recent Farnborough Airshow underlined this, with new business for over 400 single-aisle and wide-body aircraft announced. Our operational focus in commercial aircraft remains squarely on securing the production ramp-up. On our largest military programme, the A400M, we are making progress operationally, on improving capabilities as well as in negotiations with governments for the necessary contract amendment.”

Net commercial aircraft orders increased to 206 (H1 2017: 203 aircraft) with gross orders of 261 aircraft including 50 A350 XWBs and 14 A330s. The order backlog by units totalled 7,168 commercial aircraft as of 30 June 2018.  During July’s Farnborough Airshow, Airbus announced orders and commitments for a total of 431 aircraft although these are not yet reflected in the order book. Net helicopter orders totalled 143 units (H1 2017: 151 units). Airbus Defence and Space saw good order momentum, particularly in Space Systems, while there are encouraging prospects for European military cooperation programmes in Military Aircraft and Unmanned Aerial Systems.

Consolidated revenues were stable at € 25.0 billion (H1 2017: € 25.2 billion(1)), reflecting the commercial aircraft delivery mix and perimeter changes as well as the weakening of the US dollar. Deliveries totalled 303 commercial aircraft (H1 2017: 306 aircraft), comprising 239 A320 Family, 18 A330s, 40 A350 XWBs and six A380s. Airbus Helicopters delivered 141 units (H1 2017: 190 units) with revenues mainly reflecting the perimeter change from the sale of Vector Aerospace in late 2017. Revenues at Airbus Defence and Space reflected the stable core business and solid programme execution as well as the perimeter change mainly related to the divestment of Defence Electronics in February 2017 and Airbus DS Communications, Inc. in March 2018.

Consolidated EBIT Adjusted – an alternative performance measure and key indicator capturing the underlying business margin by excluding material charges or profits caused by movements in provisions related to programmes, restructuring or foreign exchange impacts as well as capital gains/losses from the disposal and acquisition of businesses – totalled
€ 1,162 million (H1 2017: € 553 million(1)).

Airbus’ EBIT Adjusted of € 867 million (H1 2017: € 257 million(1)), reflected mainly the strong improvement on the A350 programme and the A320neo ramp-up and transition.

A total of 110 A320neo aircraft were delivered (H1 2017: 59 aircraft) with more NEO (new engine option) versions delivered than CEO (current engine option) versions in the second quarter. The ramp-up is ongoing. Engine manufacturers are working to meet their commitments and resources and capabilities have been mobilised internally. A recovery plan is in place and the number of stored aircraft has started to decline from the end of May peak but risks remain to meet the 800 aircraft delivery target, which is challenging. On the A350 programme, the first A350-1000s were delivered to Qatar Airways and Cathay Pacific in the half-year. Good progress was made on the recurring cost curve compared to a year earlier as the programme ramps up to the targeted monthly production rate of 10 aircraft by year-end. The A350’s industrial system is now reaching a mature level with the focus remaining on recurring cost convergence. Route proving flights have now been completed on the A330neo with more than 1,000 flight hours accumulated by the test aircraft fleet. The first delivery is expected end summer. In July, the BelugaXL transport aircraft completed its maiden flight.

Airbus Helicopters’ EBIT Adjusted increased to € 135 million (H1 2017: € 80 million(1)), reflecting solid underlying programme execution which compensated the lower deliveries.

Airbus Defence and Space’s EBIT Adjusted was € 309 million (H1 2017: € 298 million(1)), reflecting the stable core business and solid programme execution. On a comparable basis the Division’s EBIT Adjusted was broadly stable.

On the A400M programme, a total of eight aircraft were delivered compared to eight in the first half of 2017. A provision update of € 98 million during the first half of 2018 mainly reflected price escalation. Progress was made toward achieving military capabilities. Airbus continues to work with the Launch Customer Nations to finalise a contract amendment by year-end.

Consolidated self-financed R&D expenses totalled € 1,403 million (H1 2017: € 1,288 million).

Consolidated EBIT (reported) was stable at € 1,120 million (H1 2017: € 1,211 million(1)), including Adjustments totalling a net € -42 million. These comprised:

·         The € 98 million A400M provision increase due to an update for escalation assumptions;

·         A negative € 21 million resulting from the first H160 helicopters;

·         A negative impact of € 40 million from the dollar pre-delivery payment mismatch and balance sheet revaluation;

·         A total of € 40 million in other costs, including compliance and merger and acquisition costs;

·         A net capital gain of € 157 million from divestments in Airbus Defence and Space.


Consolidated net income(2) of € 496 million (H1 2017: € 1,091 million(1)) and earnings per share of € 0.64 (H1 2017: € 1.41(1)) included a negative impact from the foreign exchange revaluation of financial instruments partly offset by the positive revaluation of certain equity instruments. The finance result was € -303 million (H1 2017: € +72 million(1)). Net income also reflects a higher effective tax rate from the reassessment of tax assets and liabilities.

Consolidated free cash flow before M&A and customer financing amounted to € -3,968 million (H1 2017: € -2,093 million), reflecting the continued ramp-up while deliveries reflect the engine situation. Consolidated free cash flow of € -3,797 million (H1 2017: € -1,956 million) included around € 0.3 billion of net proceeds from divestments at Airbus Defence and Space. Cash flow for aircraft financing was limited in the first half of 2018.

The consolidated net cash position on 30 June 2018 was € 8.1 billion (year-end 2017: € 13.4 billion) with a gross cash position of € 17.8 billion (year-end 2017: € 24.6 billion).



As the basis for its 2018 guidance, the Company expects the world economy and air traffic to grow in line with prevailing independent forecasts, which assume no major disruptions.

The 2018 earnings and guidance are prepared under IFRS 15.

The 2018 earnings and Free Cash Flow guidance is before M&A. It now includes the A220(3) integration.

·         Airbus targets to deliver around 800 commercial aircraft, without the A220 Family.

·         On top, around 18 A220 deliveries are targeted for H2.

·         Before M&A, the Company expects EBIT Adjusted of approximately € 5.2 billion in 2018:

Ø  The A220(3) integration is expected to reduce EBIT Adjusted by an estimated              € -0.2 billion.

Ø  Therefore, including A220(3), the Company expects EBIT Adjusted to be approximately € 5.0 billion.

·         Compared to 2017 Free Cash Flow before M&A and Customer Financing of € 2.95 billion, the Company expects Free Cash Flow to be at a similar level in 2018 before the A220 integration.

Ø  The A220(3) integration is expected to reduce Free Cash Flow before M&A and Customer Financing by an estimated € -0.3 billion(3).

Ø  In 2018, the Company expects the net cash impact of the A220 integration to be largely covered by the funding arrangement as laid out in the terms of the C Series Aircraft Limited Partnership, meaning limited cash dilution.

Note to editors: Live Webcast of the Analyst Conference Call

At 08:30 CEST today, you can listen to the Half-Year 2018 Results Analyst Conference Call with Chief Executive Officer Tom Enders and Chief Financial Officer Harald Wilhelm via The analyst call presentation can also be found on the company website. A recording will be made available in due course. For a reconciliation of Airbus’ KPIs to “reported IFRS” please refer to the analyst presentation.Note to editors: Live Webcast of the Analyst Conference Call

Airbus Consolidated – Half-Year (H1) Results 2018

(Amounts in Euro)

Airbus Consolidated H1 2018 H1 2017 Change
Revenues, in millions 24,970 25,175(1)      -1%
thereof defence, in millions 4,041  4,619(1)     -13%
EBIT Adjusted, in millions 1,162         553(1)   +110%
EBIT (reported), in millions 1,120        1,211(1) -8%
Research & Development expenses,
in millions
1,403        1,288 +9%
Net Income(2), in millions 496        1,091(1) -55%
Earnings Per Share (EPS)  0.64 1.41(1) -55%
Free Cash Flow (FCF), in millions -3,797 -1,956
Free Cash Flow
before M&A
, in millions
-4,069 -2,547
Free Cash Flow before M&A
and Customer Financing
, in millions
-3,968 -2,093
Airbus Consolidated 30 June
31 Dec
Net Cash position, in millions 8,068 13,390(1)  -40%
Employees 129,450 129,442 0%


By Business Segment Revenues EBIT  (reported)
(Amounts in millions of Euro) H1
Change H1
Airbus      18,546 18,182 +2% 773 381 +103%
Airbus Helicopters        2,388 2,716 -12% 114 80 +43%
Airbus Defence and Space        4,652 4,900 -5% 382 832       -54%
Transversal & Eliminations -616 -623 -149 -82
Total 24,970 25,175 -1% 1,120 1,211 -8%


By Business Segment EBIT Adjusted
(Amounts in millions of Euro) H1


Airbus 867 257 +237%
Airbus Helicopters 135 80 +69%
Airbus Defence and Space 309 298 +4%
Transversal & Eliminations -149 -82
Total 1,162 553 +110%
By Business Segment Order Intake (net) Order Book  
Change 30 June
30 June
Airbus, in units 206 203 +1% 7,168 6,771 +6%  
Airbus Helicopters, in units 143 151 -5% 694 727 -5%  
Airbus Helicopters, in millions of Euro 2,068 3,630 -43% 12,537 11,996 +5%  
Airbus Defence and Space, in millions of Euro 3,184 3,616 -12% 36,462 38,708 -6%  

Airbus Consolidated – Second Quarter Results (Q2) 2018

(Amounts in Euro)

Airbus Consolidated Q2 2018 Q2 2017(1) Change
Revenues, in millions 14,851 13,733 +8%
EBIT Adjusted, in millions 1,148 572 +101%
EBIT (reported), in millions             921 636 +45%
Net Income(2), in millions 213 682 -69%
Earnings Per Share (EPS) 0.27 0.88 -69%
By Business Segment Revenues EBIT (reported)
(Amounts in millions of Euro) Q2
Change Q2
Airbus 11,324 10,016 +13% 775 429 +81%
Airbus Helicopters 1,427 1,540 -7% 124 86 +44%
Airbus Defence and Space 2,435 2,560 -5% 117 175     -33%
Transversal & Eliminations -335 -383 -95 -54       –
Total 14,851 13,733 +8% 921 636     +45%


By Business Segment EBIT Adjusted
(Amounts in millions of Euro) Q2
Airbus 908 360 +152%
Airbus Helicopters 138 86 +60%
Airbus Defence and Space 197 180 +9%
Transversal & Eliminations -95 -54
Total 1,148 572 +101%


Q2 2018 revenues increased by eight percent, driven by commercial aircraft deliveries, partly compensated by perimeter changes at Airbus Helicopters and Airbus Defence and Space.

Q2 2018 EBIT Adjusted increased by 101 percent, reflecting the strong improvement from the A350 XWB programme, A320neo ramp-up and transition as well as solid programme execution at Airbus Helicopters and Airbus Defence and Space.

Q2 2018 EBIT (reported) increased by 45 percent to € 921 million. It reflected net negative Adjustments of € -227 million booked in the quarter. Adjustments in the second quarter of 2017 amounted to a net € +64 million.

Q2 2018 Net Income decreased by 69 percent, mainly driven by negative foreign exchange effects and a higher effective tax rate.

EBIT (reported) / EBIT Adjusted Reconciliation

The table below reconciles EBIT (reported) with EBIT Adjusted.


Airbus Consolidated H1 2018
EBIT (reported), in millions of Euro 1,120
A400M provision update, in millions of Euro -98
First H160s, in millions of Euro -21
$ PDP mismatch/Balance Sheet revaluation, in millions of Euro -40
Compliance costs/others, in millions of Euro -40
Airbus Defence and Space perimeter change, in millions of Euro 157
EBIT Adjusted, in millions of Euro 1,162



EBIT The Company continues to use the term EBIT (Earnings before interest and taxes). It is identical to Profit before finance cost and income taxes as defined by IFRS Rules.
Adjustments Adjustments, an alternative performance measure, is a term used by the Company which includes material charges or profits caused by movements in provisions related to programmes, restructuring or foreign exchange impacts as well as capital gains/losses from the disposal and acquisition of businesses.
EBIT Adjusted EBIT Adjusted – an alternative performance measure and key indicator capturing the underlying business margin by excluding material charges or profits caused by movements in provisions related to programmes, restructuring or foreign exchange impacts as well as capital gains/losses from the disposal and acquisition of businesses.
EPS Adjusted EPS Adjusted is an alternative performance measure of basic earnings per share as reported whereby the net income as the numerator does include Adjustments. For reconciliation, see slide 19 of the Analyst presentation.
Gross cash position The Company defines its consolidated gross cash position as the sum of (i) cash and cash equivalents and (ii) securities (as all recorded in the consolidated statement of financial position).
Net cash position For definition of the alternative performance measure net cash position, see Registration Document, MD&A section 2.1.3.
FCF For the definition of the alternative performance measure free cash flow, see Registration Document, MD&A section 2.1.3. It is a key indicator which allows the Company to measure the amount of cash flow generated from operations after cash used in investing activities.
FCF before M&A Free cash flow before mergers and acquisitions refers to free cash flow as defined in the Registration Document, MD&A section 2.1.3 adjusted for net proceeds from disposals and acquisitions. It is an alternative performance measure and indicator that is important in order to measure FCF excluding those cash flows from the disposal and acquisition of businesses.
FCF before M&A and customer financing Free cash flow before M&A and customer financing refers to free cash flow before mergers and acquisitions adjusted for cash flow related to aircraft financing activities. It is an alternative performance measure and indicator that may be used from time to time by the Company in its financial guidance, esp. when there is higher uncertainty around customer financing activities, such as during the suspension of ECA financing support.



1)         Where applicable, 2017 figures have been restated to reflect the adoption of the IFRS 15 accounting standard and new segment reporting as of 1 January, 2018. The new segment reporting reflects the merger of Headquarters into Airbus. Where applicable, ‘Airbus’ refers to commercial aircraft and the integrated functions while ‘Airbus Consolidated’ or ‘the Company’ refers to Airbus SE.

2)         Airbus SE continues to use the term Net Income. It is identical to Profit for the period attributable to equity owners of the parent as defined by IFRS Rules.

3)         Based on preliminary data.

 Safe Harbour Statement:

This press release includes forward-looking statements. Words such as “anticipates”, “believes”, “estimates”, “expects”, “intends”, “plans”, “projects”, “may” and similar expressions are used to identify these forward-looking statements. Examples of forward-looking statements include statements made about strategy, ramp-up and delivery schedules, introduction of new products and services and market expectations, as well as statements regarding future performance and outlook.

By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

These factors include but are not limited to:

§  Changes in general economic, political or market conditions, including the cyclical nature of some of Airbus’ businesses;

§  Significant disruptions in air travel (including as a result of terrorist attacks);

§  Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar;

§  The successful execution of internal performance plans, including cost reduction and productivity efforts;

§  Product performance risks, as well as programme development and management risks;

§  Customer, supplier and subcontractor performance or contract negotiations, including financing issues;

§  Competition and consolidation in the aerospace and defence industry;

§  Significant collective bargaining labour disputes;

§  The outcome of political and legal processes including the availability of government financing for certain programmes and the size of defence and space procurement budgets;

§  Research and development costs in connection with new products;

§  Legal, financial and governmental risks related to international transactions;

§  Legal and investigatory proceedings and other economic, political and technological risks and uncertainties.

As a result, Airbus SE’s actual results may differ materially from the plans, goals and expectations set forth in such forward-looking statements.

For a discussion of factors that could cause future results to differ from such forward-looking statements, see the Airbus SE “Registration Document” dated 28 March 2018, including the Risk Factors section.

Any forward-looking statement contained in this press release speaks as of the date of this press release. Airbus SE undertakes no obligation to publicly revise or update any forward-looking statements in light of new information, future events or otherwise.


Due to rounding, numbers presented may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.


The Company has adopted the IFRS 15 standard as of 1 January 2018. 2017 figures are pro-forma, amended with IFRS 15 restatement and new segment reporting.




Source :  Airbus Website

Consolidados Grande SP 25/07/2018

Resultado de imagem para TV aberta

SBT comemora ótimos índices de audiência com produções inéditas. Além das novelas, a série Z4, lançada ontem, registrou 13 pontos de média e conquistou a vice-liderança isolada. No confronto direto com JesusAs Aventuras de Poliana manteve uma vantagem de quatro pontos.

Na GloboSegundo Sol segura a média de 30 pontos em noite de Futebol.

A estreia da reprise de A Terra Prometida assegura dois dígitos; e Canta Comigo praticamente mantém público da estreia.

Confira, abaixo, as audiências de quarta-feira, 25 de julho:

Hora Um – 5,1
Bom Dia São Paulo – 7,7
Bom Dia Brasil – 9,3
Mais Você – 8,5
Bem Estar – 7,7
Encontro – 7,4
SP1 – 11,6
Globo Esporte – 12,0
Jornal Hoje – 11,7
Vídeo Show – 9,4
Sessão da Tarde: O Diário da Princesa 2 – 11,8
Vale a Pena Ver de Novo: Belíssima – 14,0
Malhação – 16,9
Orgulho e Paixão – 21,0
SP2 – 25,0
Deus Salve o Rei – 28,6
Jornal Nacional – 29,2
Segundo Sol – 30,9
Campeonato Brasileiro: Corinthians x Cruzeiro – 26,2
Profissão Repórter – 11,7
Jornal da Globo – 8,1
Conversa com Bial – 5,5
Flash – 4,8

Primeiro Impacto – 4,2
Mundo Disney – 5,4
Bom Dia & Cia – 7,4
Fofocalizando – 6,0
Casos de Família – 6,5
Que Pobres Tão Ricos – 6,7
Coração Indomável – 9,6
Amanhã é Para Sempre – 8,6
SBT Brasil – 8,6
Roda a Roda – 11,8
As Aventuras de Poliana – 14,7
Chiquititas – 13,6
Z4 – 12,9
Pra Ganhar é Só Rodar – 8,8
Programa do Ratinho – 8,2
The Noite – 6,6
Roda a Roda (reapresentação) – 5,2
SBT Notícias – 4,2

Balanço Geral Manhã – 1,7
São Paulo no Ar – 3,5
Fala Brasil – 5,6
Hoje em Dia – 4,3
Balanço Geral SP – 7,9
Luz do Sol – 5,5
Bicho do Mato – 5,9
Cidade Alerta – 10,0
A Terra Prometida – 9,9
Jesus – 10,9
Jornal da Record – 8,9
Canta Comigo – 7,5
Programa do Porchat – 3,7

Um ponto no Ibope equivale a 71,9 mil domicílios. Esses números servem como referência para o mercado publicitário.

Fonte: IBOPE / MW – Praça São Paulo


Man caught at Dubai airport with 26kg drugs, jailed

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Filed on July 25, 2018 | Last updated on July 25, 2018 at 04.38 pm

He was found guilty of the charges and ordered to pay a Dh100,000 fine.

A Nigerian man, who was caught at the Dubai airport with 26.6kg of drugs, was sentenced to 10 years in jail on Wednesday. According to the public prosecution records, the 33-year-old man arrived at Dubai International Airport from Nigeria on March 3 on a visit visa.

The airport customs inspectors found many boxes containing marijuana in his luggage. However, he denied having anything to do with them. He denied at the Court of First Instance charges of possession and smuggling of drugs with the intention to sell. He also denied a charge of taking drugs.

He was found guilty of the charges and ordered to pay a Dh100,000 fine. He was also ordered to be deported.

A customs inspector told the prosecutor he was on duty at the airport when he was assigned to search the traveler’s bag. “I was told by my colleagues it had something suspicious inside. The suspect was heading towards the exit gate when I stopped him.”

The inspector asked the convict what he was carrying with him, and the latter told him it was “just food”.

“However, as we opened it, we found 50 cardboard boxes. The defendant became tense and looked worried when we opened the first box and found there was marijuana inside,” the witness told the prosecutor.

The officer said that all the other boxes contained the same drugs.

During the interrogation, the convict denied having brought the drugs, claiming he was unaware he had them in his bag. He alleged a man back home gave the bag to him to deliver it to someone here.

He also denied the charge of having taken narcotics, claiming he took some medication, but did not know what it was.

The defendant’s urine sample tested positive for hashish, as shown in the forensic report.

The convict can appeal the ruling within 15 days.


Source :  The Khaleej Times

‘Make a wish’ fulfils requests of three Dubai residents

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Saman Haziq /Dubai
Filed on July 25, 2018 | Last updated on July 25, 2018 at 11.39 pm

This is the second year of the Omniyati initiative that was launched during the holy month of Ramadan.

Aligning with the message of giving, Al Ghurair Centre’s CSR programme ‘Omniyati’ (which means make a wish) saw 9,000 wishes requested by people across the UAE. However, three wishes were picked to be granted.

The most touching wishes that were granted were of a working mum struggling to get the best for her four-month-old; an engineer who wished to buy clothes for 30 underprivileged kids; and a Syrian expat who was surprised with tickets and visa for his mother’s visit to Dubai.

To participate in this initiative, people were requested to log on to Omniyati website to nominate themselves, a friend or a relative who they believed should have a special wish come true.

For Mohammed Abdulla, a Syrian expat living in Dubai for 17 years, it was the biggest news of his life as he had not seen his mother in 15 years and Omniyati granted this wish. “I was browsing through Facebook when I stumbled upon the Omniyati initiative. I let them know that due to financial issues I could never invite my ailing mother to the UAE. I jumped with joy when I got a call from Al Ghurair Centre management saying they were sponsoring tickets and visa for my mother to travel to Dubai. “It is such a lovely initiative to bring happiness to the residents of the country and my saying ‘Thank you’ cannot do justice for this big favour they have done on me,” added Abdulla.

Magy Elnajjar wrote in her wish list in Omniyati that she wanted to give her baby all the essential items, which she probably could not afford with her salary. Magy is a working mum, living in Dubai for four years. “I had never tried my luck before in such competitions but my husband helped me register for this initiative.”

Magy was thrilled and surprised when she received a call about a generous gift voucher and discount coupons from popular baby essentials brands available at Al Ghurair Centre in Deira.

A construction engineer with a heart of gold is how Briton Ahmed Ali can be described as he didn’t wish for anything for himself but only wished to bring happiness to 30 underprivileged kids by taking them shopping for clothes to Al Ghurair Centre.

Ahmed, who is actively involved in a number of charity initiatives in Dubai, said: “I am excited to take these children for shopping to Al Ghurair Centre. These moments are priceless.”

Lauding the initiative, Ali said: “It is a lovely initiative as they care to hear out people’s wishes and make their dreams come true. Even though I am not a millionaire, I have things that I need. There are people who are living without basic things in life and nothing can bring me more happiness than to provide some of them some little things that can bring smile to their face.”

This is the second year of the Omniyati initiative that was launched during the holy month of Ramadan. This initiative is part of Al Ghurair Centre’s ongoing CSR programme, which was officially launched last year during Ramadan.


Source : The Khaleej Times

40-year-old Emirati found dead in his car in UAE

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Web Report /Fujairah
Filed on July 26, 2018

Police are conducting their investigations into the incident.

Police found a mean dead in his car in Fujairah.

The operations room of Dibba Fujairah police received a tip off early Thursday morning at 6am.

A person had found the man who was apparently killed in and dumped in the car in Ghoub area.

He appears to be an Emirati man in his forties.

Police are gathering evidence in their investigations to identify the suspect. Further details on how the man was killed have yet to be uncovered.

Source :  The Khaleej Times

Second man charged over Helensvale shooting

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By Toby Crockford

A second man has been charged after a man was shot in the leg and dumped on a Gold Coast road last week.

Police have alleged in court that Luke Tomlinson was shot at close range after a passenger in the car demanded he hand over $15,000, which he had just withdrawn from Heritage Bank at Runaway Bay.

Emergency services swarmed the area in Helensvale after the shooting.
Emergency services swarmed the area in Helensvale after the shooting.

Photo: Nine News Gold Coast – Twitter

The alleged 42-year-old victim was found lying on Helensvale Road in Helensvale with a gunshot wound to his lower right leg at about 2.30pm on Thursday, July 19.

He was taken to Gold Coast University Hospital and treated for non-life-threatening injuries.

It will be alleged three men aged in their late 20s and early 30s were seen with the victim just before the shooting in a silver or gold coloured hatchback.

Detective Inspector Mark Thompson said last week that all four men were known to one another.

On the day of the shooting, a 32-year-old Upper Coomera man was taken into custody, but after further investigations was released without charge.

On Sunday, 27-year-old Jason Lister was charged with armed robbery, acts intended to cause grievous bodily harm and breach of bail. He faced Southport Magistrates Court on Monday after handing himself into police.

On Thursday, detectives found and arrested a 27-year-old Nerang man following ongoing investigations and charged him with acts intended to maim and robbery in company whilst armed.

He was due to appear in Southport Magistrates Court on Friday.

– with AAP


Source :  The Brisbane Times