03-Mar-2011 3:50 PM
FLY Leasing revenue down 17.5%.
Analysis
FLY Leasing reported revenue fell 17.5% in 2010, to USD253.7 million. The lessor's net profit fell 41% to USD52.7 million. Shares in FLY Leasing were down 0.2% in trading on Wednesday.
Summary
- FLY Leasing reported a 17.5% decrease in revenue for 2010, totaling USD253.7 million.
- The lessor's net profit also declined by 41% to USD52.7 million.
- Shares in FLY Leasing experienced a 0.2% decrease in trading on Wednesday.
- Operating lease revenue increased by 2.7% to USD219.7 million.
- Profit before tax dropped by 44.6% to USD62.9 million.
- Cash and cash equivalents saw a significant increase of 71.0% to USD164.1 million.
FLY Leasing financial highlights for 2010
- Revenue: USD253.7 million, -17.5%;
- Operating lease revenue: USD219.7 million, +2.7%;
- Profit before tax: USD62.9 million, -44.6%;
- Net profit: USD52.7 million, -40.9%;
- Total assets: USD1978 million, -2.3%;
- Cash and cash equivalents: USD164.1 million, +71.0%;
- Total liabilities: USD1503 million, -2.4%.
Selected Lessors daily share price movements (% change): 02-Mar-2011
