CALC announces 2020 annual results

China Aircraft Leasing Group (CALC) states that it has successfully navigated its journey through an extremely challenging year in 2020. CALC’s total revenue was HK$3,485.8 million, only a slight dip on 2019 revenue of HK$3,523.2 million. CALC’s operating profit was approximately HK$948.7 million compared to HK$967.6 million in 2019. Profit attributable to shareholders was HK$334.1 million. Earnings per share were HK$0.482. Stripping out the HK$300 million unrealized mark-to-market RMB exchange loss and the HK$200 million share of loss and provision for the investment in Aviation Synergy, CALC states that its adjusted profit attributable to shareholders for 2020 should have been