Loading
2-Nov-2011 12:43 PM

Air Arabia reports mixed earnings results in 3Q2011

Air Arabia revenue up 22% – financial highlights for three months ended 30-Sep-2011:

  • Revenue: USD188.1 million, +21.6% year-on-year;
  • Cost of sales: USD147.2 million, +18.7%;
  • Gross profit: USD40.9 million, +33.4%;
  • Net profit: USD27.0 million, -26.5%;
  • Total assets: USD1874 million, +8.1% when compared to period ended 31-Dec-2010;
  • Bank balances and cash: USD351.5 million, -30.0% when compared to period ended 31-Dec-2010;
  • Total liabilities: USD464.0 million, +71.6% when compared to period ended 31-Dec-2010. [more – original PR]

*Based on the conversion rate at USD1 = AED3.67312

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More