AeroCentury Corp revenue up 6.9%, reports profits in 4Q2009

AeroCentury Corp revenue up 6.9% - financial highlights:

• Three months ended 31-Dec-2009:
  • Revenue: USD8.6 million, +6.9% year-on-year;
    • Operating lease revenue: USD7.3 million, +13.6%;
  • Cost: USD5.7 million, -31.7%;
  • Profit before tax: USD2.9 million, compared to a loss of USD242,000 in the previous corresponding period;
  • Net profit: USD1.9 million, compared to a loss of USD160,000 in the previous corresponding period;
• 12 months ended 31-Dec-2009:
  • Revenue: USD33.6 million, +5.6%;
    • Operating lease revenue: USD27.0 million, +10.8%;
  • Cost: USD24.9 million, -6.6%;
  • Profit before tax: USD8.7 million, +68.7%;
  • Net profit: USD5.7 million, +71.8%. [more]