Bermuda Aviation Services said it returned to profitability as it posted full-year earnings of more $1.8 million compared to a $4.6 million loss the prior year.For the year ended March 31, BAS, which employs more than 240 people, said earnings per share were $0.34 compared to a loss of $0.90 per share last year."This has been a favourable swing in the company’s bottom line performance by over $6 million from fiscal 2012," BAS said in a statement."This return to profitability is due in large part to BAS moving past the hurdles associated with the restructuring of one of its subsidiaries and the adjustments made to goodwill carried in relation to the Cargo Handling segment of its operations in the prior year.BAS president and CEO, Kenneth Joaquin, stated: “In an economic environment that has tested most local businesses, the Board and Management of BAS finds these results pleasing as BAS continues to prove its resolve and durability. BAS continues to evolve. A name that was once synonymous with aviation is now one that is synonymous with the provision of excellent facilities management service.“BAS is continuing its development to become a full-fledged commercial infrastructure solution based company. BAS now offers group solutions covering multiple service disciplines under one corporate banner and scalable to customer requirements. With the ability to take over any facility and manage every aspect from ground to ceiling we are seeking to create the added value that we hope will be appealing to many.”As BAS continues to develop and diversify, the company noted that during fiscal 2013 it made two notable acquisitions and, for the first time since its own inception, over 60 years ago, launched a new start-up venture.In April 2012 BAS purchased the majority interest in Integrated Technology Solutions Ltd. (ITS). Backed by industry partners such as Creston, ITS provides both commercial and residential solutions.In October 2012 BAS purchased the majority interest in Bermuda Energy Services Company (BESCO).“With three core divisions covering Electrical Engineering, Building Control Systems and Power Management, BESCO is an innovative company in Bermuda’s mechanical electrical contracting sector, providing solutions for the commercial and residential sectors,” BAS said.In January of 2013 BAS launched Efficient Technologies Bermuda Ltd. (Eff-Tech). Eff-Tech was formed to facilitate BAS’s expansion into heating, ventilation and air-conditioning (HVAC) sales, service and installation. The company is an authorised distributor for Mitsubishi Electric Cooling and Heating and represents their full product line here in Bermuda.BAS has established a portfolio of companies that are both diverse in nature but synergistic in complimentary service provision.BAS is a Bermudian owned and Bermuda based company that was incorporated in 1947.The BAS Group of Companies consists of: Aircraft Services Bermuda Ltd. (ASB), BAS-Serco Ltd, International Bonded Couriers Ltd. (IBC), Weir Enterprises Ltd., Otis Bermuda Ltd., Eastbourne Properties Ltd. (EPL) CCS Group, Integrated Technology Solutions Ltd. (ITS), Bermuda Energy Services Company Ltd. (BESCO) and Efficient Technologies Bermuda Ltd. (Eff-Tech).