BOC Aviation posts record net profit in first half of the year

BOC Aviation recorded a net profit of $460 million, or $0.66 per share, for the first half of 2024, beating its record half profit of $323 million set in 2020. The result was driven by a “continued growth in the core business” as well as “aircraft recoveries” bolstering its result. Its net profit in the half of last year was $262 million. The company declared an interim dividend for 2024 of $0.1988 per share. Total revenues rose 11% in the first half of the year to $1.2bn. Costs and expenses were $665 million, down from $765 million last year. As