BOC Aviation reports first half 2016 performance

BOC Aviation has reported total revenues and other income rose 8.2% to US$579 million, with core lease rental contributions rising by 8% to US$220 million during the first half of 2016. Net profit after tax was US$212 million, an increase of 23.8% over 1H 2015. Earnings per share of US$0.31, based on shares outstanding at 30 June 2016. BOC Aviation’s total assets increased 9.0% to US$13.6 billion at 30 June 2016 from 31 December 2015. The Singapore-based lessor maintained strong liquidity with US$1.7 billion in total cash and fixed deposits, and more than US$2.7 billion in undrawn committed revolving credit