Abu Dhabi – Mubasher: Abu Dhabi Aviation Co posted a 18.25% year-on-year decline in its profits during the second quarter of 2017, according to a bourse statement.
Profits reached AED 64.72 million in Q2-17, compared to AED 79.17 million ($21.55 million) in Q2-16.
Revenues stood at AED 388.8 million in Q2-17, down 17% from AED 467.94 million in Q2-16.
In the first half of 2017, profits declined 25% to AED 106.09 million from AED 141.04 million in the prior-year period. Revenues fell 14% to AED 781 million in H1-17 from AED 907.7 million in H1-16.
