17th Oct 2014 11:47
LONDON (Alliance News) - Capital Lease Aviation PLC Friday said its audited consolidated profit after tax is USD516,179 lower than in its unaudited results.
The aircraft leasing company said the profit drop was due to receiving a lower actual amount of cash than what it had anticipated from end-of-lease cash compensation from an airline customer in respect of one 25-year-old aircraft.
"The audited accounts were updated to reflect the difference between the lower actual amount of cash received and that which had been anticipated to be received," Capital Lease Aviation said in a statement.
In its unaudited results for the year ended June 30, Capital Lease Aviation had reported profit after tax of USD2.8 million.
Capital Lease Aviation shares were Friday untraded at 20.00 pence.
By Samuel Agini; [email protected]; @samuelagini
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