Mubasher: Air Arabia’s stock rose 2.35% or AED 0.020 to reach AED 1.27 by 11:50am UAE time on Monday, after releasing positive financial results for the fiscal year 2015.
The low-cost airline reported a 13% profit decline to AED 59 million ($16.06 million) in the fourth quarter of 2015, compared to AED 68 million in the same quarter of 2014.
In the fiscal year 2015, net profits declined 6% to AED 531 million from AED 566 million in the fiscal year 2014.
Today, trading on the stock reached 20.9 million shares exchanged through 192 transactions, generating AED 26.59 million. This performance helped the transportation sector rise 0.86% during the trading session.
