Abu Dhabi Aviation Q4-15 profit rises 3.5%

Abu Dhabi – Mubasher: Abu Dhabi Aviation Company posted on Sunday a rise of 3.5% in net profit for the fourth quarter of 2015, reaching AED 67.9 million from AED 65.65 million in the same period of 2014.

The company’s annual profit also jumped 13.6% to AED 277.8 million, against AED 244.7 million in 2014.

Revenues grew 35.4% to AED 2.18 million last year from AED 1.61 million a year earlier. Operating profit advanced 33% to AED 553.75 million, compared AED 416.14 million.

The company earlier reported a net profit of AED 210.454 million in the first nine months of 2015, versus AED 179.04 million in the same period of 2014. 

Mubasher Contribution Time: 31-Jan-2016 09:25 (GMT)