CALC forecasts 2016 profit up at least 60%

China Aircraft Leasing Group (CALC) board reported (20-Feb-2017) it expects 2016 consolidated profit to increase by a minimum of 60% year-on-year. The expected increase is mainly attributable to an increase in lease income, which is resulted from continued expansion of the scale of the aircraft leasing business and the gain from disposal of finance lease receivables. [more - original PR]