Abu Dhabi – Mubasher: Abu Dhabi Aviation Company reported a 28.2% decrease in its annual profit attributable to the owners of the company during 2020, as shown by the company's consolidated financial results.
Profit attributable to the owners of the company recorded 176.815 million last year, compared with 246.194 million in the year before.
Meanwhile, the company recorded a 49% drop in the profit for the year to AED 154.686 million in 2020 from AED 301.205 million in 2019, as per the company's statement to the Abu Dhabi Securities Exchange (ADX).
The company's revenues decreased by 4.05% to AED 1.558 billion in 2020 from AED 2.081 billion during the previous year.
The earnings per share (EPS) settled at AED 0.40 last year, against AED 0.55 in 2019.
It is noteworthy to mention that during the first nine months of 2020, the company saw a 49% decrease in net profits to AED 113.099 million from AED 223.9 million in the same months of 2019.
