6-Oct-2010 10:35 AM

Capital Lease Aviation revenue soars 58%, net profit jump 19% in FY2010

Capital Lease Aviation reported the following financial highlights for the 12 months ended 30-Jun-2010 (StockMarketWire.com, 05-Oct-2010):

  • Revenue: USD16.4 million, +57.7% year-on-year;
  • Net profit: USD3.8 million, +18.5%;
  • Total assets: USD103.1 million, +50.7%.

Capital Aviation Lease: "The group has used its considerable cash flows to repay about USD10m in debt during the year including the full payout of the group's largest tranche of high cost mezzanine financing. Our cost of finance going forward is now lower than last year and the increase in free cash flow places us in a stronger position to take advantage of new opportunities in the future,” Jeff Chatfield, Chairman. Source: StockMarketWire.com, 05-Oct-2010.