Abu Dhabi Aviation sees 66% lower net profits in H1-20

During the first quarter of 2020, the company's net profits declined by 10%

  
Visitors look at aircrafts during the Abu Dhabi Air Expo February 25, 2014. REUTERS/Stringer . Image used for illustrative purpose.

Visitors look at aircrafts during the Abu Dhabi Air Expo February 25, 2014. REUTERS/Stringer . Image used for illustrative purpose.

REUTERS/Stringer

Abu Dhabi – Mubasher: The financial results of Abu Dhabi Aviation Company showed AED 47.822 million net profits for the first half (H1) of 2020, down by 66% from AED 139.398 million in the year-ago period.

The company's revenues decreased to AED 895.712 million in H1-20, compared to AED 974.064 million in the same half of 2020.

The earnings per share (EPS) settled at AED 0.17 during the first six months of 2020, against AED 0.23 in the corresponding period of the earlier year.

It is noteworthy to mention that during the first quarter (Q1) of 2020, the company's net profits declined by 10% to AED 54.266 million from AED 60.282 million in the same quarter of 2019.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities