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BOC Aviation Swings to Net Loss in H1

MT Newswires ·  08/19 15:02

12:20 AM EDT, 08/19/2022 (MT Newswires) -- BOC Aviation (HKG:2588) logged a net loss after tax of $313 million for the six months ended June 30, compared with a net profit of $254 million in the year prior, according to a bourse filing on Thursday.

Loss per share in the half-year period came to $0.45, compared with the earnings per share of $0.37 in the prior year.

The turnaround to loss was mainly attributed to the write-down of $804 million tied to the net book value of the 17 aircraft that remain in Russia.

Total revenue and other income of the aircraft leasing company rose 8% to $1.20 billion from $1.11 billion.

Price (HKD): $66.60, Change: $+0.65, Percent Change: +0.99%

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