BOC Aviation posts first-half 2021 net income of US$254 million

BOC Aviation has announced its unaudited results for the six months ended June 30, 2021. The company reported net profit after tax (NPAT) of US$254 million for the first half of 2021. Profitability has improved since the second half of 2020, as the earnings and cash flow outlook improved for most of its airline customers, particularly in China, Europe and U.S.A.

During the six months ended June 2021, the company generated positive operating cash flow net of interest expenses of US$557 million and ended the half year with a record US$5.8 billion in available liquidity. The Board of Directors approved a distribution of US$0.1098 per share by way of interim dividend, which represents 30% of its NPAT in the first half of 2021 and is the same proportion of NPAT that the company distributed as an interim dividend in prior years.

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