Imagine a firm acting like a strict parent, setting all the rules and watching the clock
Revenue for full year 2011 increased to $1.8 billion, or Dh6,621 million, from $1.6 billion, or Dh5.9 billion, for full year 2010. Net income for full year 2011 was $121.7 million, or Dh447.1 million, up from $10.3 million, or Dh37.8 million, in 2010.
DAE chairman Shaikh Ahmed bin Saeed Al Maktoum said: “I am pleased with the way in which DAE built on its market position in 2011 and reported record revenues and profits for the year.” DAE Managing Director Khalifa H. AlDaboos said: “DAE demonstrated its earnings power in 2011 with each division contributing towards the record results of the Company. Our strong equity base allows us to be a long-term competitor in our chosen markets.”
DAE is a globally recognised aerospace company specialising in maintenance, repair and overhaul (MRO) services, aircraft completions and aircraft leasing. — abdulbasit@khaleejtimes.com
Imagine a firm acting like a strict parent, setting all the rules and watching the clock
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