China Aircraft Leasing Group Announces Mixed 2024 Results
Company Announcements

China Aircraft Leasing Group Announces Mixed 2024 Results

China Aircraft Leasing Group Holdings (HK:1848) has released an update.

China Aircraft Leasing Group Holdings Limited reported an 8.7% increase in revenue to HK$2,528.1 million for the first half of 2024, despite a 34.5% decline in profit attributable to shareholders, standing at HK$131.7 million compared to the previous year. The company also declared an interim dividend of HK$0.12 per share, down from HK$0.15 in the same period last year, amidst a general recovery of the aviation market and challenges like safety incidents and supply chain disruptions. Additionally, the Group has made strides in international markets by completing its first RMB denominated export leasing transaction and maintaining a robust order book with 129 aircraft, ranking seventh globally.

For further insights into HK:1848 stock, check out TipRanks’ Stock Analysis page.

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