Pembroke Capital directors share $3.2m pay pot
Aviation finance company posted profits of $6.95m
The return to profit came after a loss of $26.67 million in 2017. Photograph: iStock
Five directors at Irish-based aircraft leasing company Pembroke Capital last year shared a pay pot of $3.2 million (€2.9 million).
Accounts just filed with the Companies Office by Pembroke Capital Ltd and subsidiaries show the five directors received the remuneration as the firm posted record pretax profits of $6.95 million.
The return to profit after a loss of $26.67 million in 2017 came in spite of revenues declining 20 per cent from $167 million to $132.9 million.
The company recorded an impairment charge of $18 million.
The directors’ pay was 5.5 per cent higher than in 2017, but the number of directors increased from four to five last September.
Pembroke Capital’s 45 employees shared pay of $10.9 million. In addition, share-based payments to staff increased from $41,000 to $3.1 million.