September 25, 2013
NAC continues positive trend with profit increase of 63%
Nordic Aviation Capital reported that profit from ordinary operating activities increased 63% in 2012/13, from US$125.6m to US$204.4m. The operating profit, including aircraft value adjustments, increased 51%, from US$95.0m to US$143.7m. These results are in line with company expectations. The 2012/13 annual accounts, which ended 30.06.13 showed an increase in revenues of 51% up from US$278.9m to US$421.9m and an increase of 16% in post-tax earnings, which rose to US$65.9m. These improved results are attributable to two main factors, the company’s stable market position and a steadily increasing liquidity, which provides a freedom to act quickly and with flexibility. Cash resources have increased by US$53.7m and stand at US$125.6m.