Capital Lease Aviation's net profits rose 18.5% to $3.8million in the year to the end of June. Revenues increased to $16.4 million from $10.4 million and total assets rose to $103.1 million from $68.4 million.
"The financial position of the group has been strengthened with debts being paid off,” says chairman Jeff Chatfield. "Our cost of finance going forward is now lower than last year and the increase in free cash flow places us in a stronger position to take advantage of new opportunities in the future."
The group has used its cash flows to repay about $10 million of debt during the year.
Capital Lease Aviation's net profits rose 18.5% to $3.8million in the year to the end of June. Revenues increased to $16.4 million from $10.4 million and total assets rose to $103.1 million from $68.4 million.
"The financial position of the group has been strengthened with debts being paid off,” says chairman Jeff Chatfield. "Our cost of finance going forward is now lower than last year and the increase in free cash flow places us in a stronger position to take advantage of new opportunities in the future."
The group has used its cash flows to repay about $10 million of debt during the year.