Abu Dhabi – Mubasher: Abu Dhabi Aviation Company saw a 49% decrease in net profits to AED 113.099 million during the first nine months of 2020 from AED 223.9 million in the same months of 2019.
The decline in net profits is attributed to 21% lower revenues to AED 1.97 billion in the January-September period of 2020, compared to AED 1.524 billion, according to the company's financial results for the period ended on 30 September 2020.
The earnings per share (EPS) settled at AED 0.31 for the period ended on 30 September, against AED 0.40 in the year-ago period.
It is noteworthy to mention that in the first half (H1) of 2020, the financial results of the company showed AED 47.822 million net profits, down by 66% from AED 139.398 million in the year-ago period.
