AeroCentury FY 2013 net income down from 2012

13 March 2014

AeroCentury Corp. (NYSE: ACY) said that for its fourth quarter ended December 31, 2013, the company had a net loss of USD1.4m, or (USD0.90) per diluted share, compared to net income of USD1.8m, or USD1.14 per diluted share, for the fourth quarter of 2012.

However, for the year ended December 31, 2013, the company reported net income of USD3.2m, or USD2.03 per diluted share, compared to net income of USD5.2m, or USD3.32 per diluted share, for the previous year.

Total revenues were USD5.2m and USD32.2m for the fourth quarter and year ended December 31, 2013, respectively, compared to total revenues of USD8.0m and USD29.4m, respectively, for the same periods a year ago.

AeroCentury is an aircraft operating lessor and finance company specializing in leasing regional aircraft and engines utilizing triple net leases. The company´s aircraft and engines are leased to regional airlines and commercial users worldwide.

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