16-May-2012 2:10 PM

Air Arabia revenue up 21.2% in 1Q2012

Air Arabia reports (15-May-2012) the following consolidated financial highlights for the three months ended Mar-2012:

  • Revenue: AED621.9 million (USD169.4 million), +21.2% year-on-year;
  • Profit for the period: AED49.3 million (USD13.4 million), +11.3%;
  • Net profit: AED47.7 million (USD13 million), +11.7%;
  • Total assets: AED7,335.6 million (USD1,997.5 million), +3.1% when compared to period ended 31-Dec-2011. [more – original PR]

*Based on the average conversion rate at USD1 = AED3.6723 for the period