Lessor BOC Aviation expects that its net profit for the year ended December 2017 will increase by up to $93 million due to the recent change in US corporate tax rates.
The company states in a stock exchange disclosure that the reduction in the US corporate tax rate from 35% to 21% will reduce its net deferred income tax liability by between $88 million and $94 million, which will flow straight through to its bottom line.
It warns, however, that the benefit is expected to only apply during its 2017 financial period, and is not attributable to increased revenues.
BOC Aviation adds that its full-year results are expected to be announced in March.
Source: Cirium Dashboard
