BOC Aviation posts full year 2018 results

BOC Aviation has reported its financial highlights for the year ended 31 December 2018. Total revenues and other income rose 23% year-on-year, to US$1,726 million. Profit before tax was US$685 million, up 24% year-on-year, and net profit after tax was US$620 million.

Total assets increased 14% year-on-year, to US$18 billion at 31 December 2018. The company raised US$2.7 billion in new financing and ended the year with a debt to equity ratio of 3.0 times. BOC Aviation maintained strong liquidity with US$243 million in total cash and short-term deposits, and US$3.6 billion in undrawn committed credit facilities at 31 December 2018.

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