Air Lease Corp reports strong profit growth in 4Q2011

Air Lease Corp revenue up 25% - financial highlights:

• Three months ended 31-Dec-2011:
  • Revenue: USD115.1 million, +25% when compared to three months ended 30-Sep-2011;
  • Profit before tax: USD38.7 million, +37%;
  • Net profit: USD24.8 million, +36%;
• 12 months ended 31-Dec-2011:
  • Revenue: USD336.7 million, +476.9% year-on-year*;
  • Profit (loss) before tax: USD82.8 million, compared to a loss of USD60.9 million in p-c-p;
  • Net profit: USD53.2 million, compared to a loss of USD52.0 million in p-c-p;
  • Total assets: USD5165 million, +126.9%;
  • Cash and cash equivalents: USD281.8 million, -14.3%;
  • Total liabilities: USD2988 million, +184%. [more - original PR]

*The company was launched in Feb-2010