Abu Dhabi Aviation posts lower profits in Q1

Abu Dhabi – Mubasher: Abu Dhabi Aviation posted a decrease in its profits by 33.2% year-on-year in the first quarter of 2017, according to a bourse statement.

Profits reached AED 41.37 million ($11.26 million) in Q1-17, compared to AED 61.88 million ($16.84 million) in Q1-17.

Revenues declined 10.8% to AED 392.09 million in Q1-17, compared to AED 439.75 million in the prior-year period.

Mubasher Contribution Time: 27-Apr-2017 06:02 (GMT)
Mubasher Last Update Time: 27-Apr-2017 06:02 (GMT)