Abu Dhabi Aviation posts net profit of $13mln in H1

The company's assets edged up 1% by the end of the H1-2020

Abu Dhabi Aviation's revenues for the period ended June 30 amounted to AED895.7 million ($243.8 million), said a report citing financial results of the Abu Dhabi Securities Exchange-listed company.
The company's operating profit reached AED152 million ($41.3 million) and the net profit stood at AED47.8 million ($13 million), news agency WAM reported citing the financial notes published on the ADX's website.
The company's assets edged up 1 per cent by the end of the H1-2020 against the comparable period of 2019.
The stockholders' rights valued around AED3.37 billion ($917.4 million) during the same period and liabilities stood at around AED1.6 billion ($435.5 million), the report said.
ADA is one of the largest commercial helicopter operators in the Middle East, operating and owning 58 aircraft, including 51 helicopters and seven fixed-wing, according to the company's booklet published in April, it said. - TradeArabia News Service

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