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Abu Dhabi Aviation's net drops to Dh52m
ABU DHABI - Abu Dhabi Aviation posted an unaudited net profit of Dh52.11 million for the year 2003, down from the year-ago figure of Dh79.13 million. The operating profit for the year was Dh37.87 million, marginally up from Dh37.78 million for the previous year.
The company said that EPS stood at Dh3.34 for 2003, as against Dh6.09 for the previous year. The turnover of the company was Dh259.36 million up from Dh216.91 million. Total current assets stood at Dh226.91 million from Dh195.51 million while total current liabilities were placed at Dh72.29 million, up from the previous Dh57.09 million.
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