23-Mar-2010 4:49 PM
Air Arabia board approves dividend; Royal Jordanian to take delivery of new aircraft
Analysis
Air Arabia was flat despite announcing during trading that its Board of Directors approved the payment of a cash dividend of 10% for 2009 at its third Annual General Meeting. The carrier reported a 14.2% year-on-year increase in revenue to USD536.9 million and a net profit of USD123.1 million (-11.4% year-on-year) for the 12 months ended 31-Dec-2009.
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