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BOC Aviation's six-month net profit rises nearly 24%

Monday, August 29, 2016 - 20:18

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BOC Aviation's net profit for the six months ended June 30 rose 23.8 per cent year on year to a record US$212 million.

BOC Aviation's net profit for the six months ended June 30 rose 23.8 per cent year on year to a record US$212 million.

The aircraft leasing firm's revenue increased 8.2 per cent to US$579 million, on the back of stronger contributions from lease rental income as well as gains on sale of aircraft.

Earnings per share were US$0.31. It has declared an interim dividend of US$0.061 per share.

It currently has a portfolio of 265 owned and managed aircraft, with an average aircraft age of 3.3 years and an average remaining lease term of 7.2 years for its owned aircraft fleet.

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