Genesis flies to a 55% increase in net profits

THE Limerick-based aircraft leasing group Genesis Leasing has announced solid quarter one results for 2007, their first set of figures since the group floated in New York in December of last year.

They show a 55% increase in net profits for the period which rose from $7.1m (€5.2m) to $11m (€8.061m).

Total sales over the same period rose by 17.4% to $42.2m from $36m.