A&A News – 2021.01.04

BOC Aviation issues Covid-19-related profit warning for 2020

BOC Aviation has kicked off the new year with a heads-up to investors and analysts that its net profit for 2020 could be at least 25% down on the year prior.

In a profit warning issued today to the Hong Kong stock exchange, the Singapore-based lessor says it expects net profit after tax to be 25-30% lower than in 2019, in which it made a net profit of $702 million, up 13% on 2018.

Source: www.flightglobal.com

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