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Abu Dhabi Aviation’s Q3 profits near AED 75m

Abu Dhabi Aviation’s Q3 profits near AED 75m
Net profits recorded AED 74.6 million in Q3-19
ADA
ADAVIATION
-0.30% 6.58 -0.02

Abu Dhabi – Mubasher: Abu Dhabi Aviation Company posted a 4.5% year-on-year increase in its profits for the third quarter of 2019.

Net profits recorded AED 74.6 million in Q3-19, compared to AED 71.4 million in Q3-18, according to a bourse filing on Monday.

For the first nine months of 2019, Abu Dhabi Aviation’s net profits levelled up to AED 177.9 million, from AED 165.4 million in the same period a year ago.

Total revenues jumped by 17% year-on-year to AED 1.52 billion in a nine-month period.