16-Feb-2011 4:11 PM
Capital Lease Aviation reports 19% increase in net profit
Analysis
Small independent lessor Capital Lease Aviation reported an 18.7% year-on-year increase in net profit to USD2.2 million. The result was achieved on the back of a 54.9% surge in revenues to USD7.9 million for the six months ended 31-Dec-2010
Summary
- Capital Lease Aviation, a small independent lessor, reported an 18.7% increase in net profit to USD2.2 million.
- The company achieved this growth through a significant surge in revenues, which rose by 54.9% to USD7.9 million.
- CEO Richard Sinclair expressed satisfaction with the results, stating that they were in line with expectations.
- Capital Lease Aviation also saw a substantial increase in total assets, which grew by 54.6% to USD103.4 million.
- The company's fleet consists of two A321-200s, three Fokker F100 jets, and one A320, with lease expiries ranging from Sep-2012 to Mar-2015.
- Among listed leasing companies, ALAFCO experienced a 3.8% decrease in share price, while Aerocentury gained 4.9%.
CEO Richard Sinclair stated that the result was in line with expectations. The leasing company also reported a 54.6% increase in total assets to USD103.4 million. The company's fleet comprises two A321-200s, three Fokker F100 jets and one A320, with lease expiries ranging from Sep-2012 to Mar-2015.
Of the listed leasing companies, there were major movements from ALAFCO, down 3.8%, and Aerocentury, which gained 4.9%.
Selected Lessors daily share price movements (% change): 16-Feb-2011
