85.8 million dollars profits "Dubai Aviation Industries" During the first quarter
Dubai, April 30/ WAM/ The net profit of “Dubai Aviation Industries” increased by 26.54% to 85.8 million dollars during the first quarter of this year compared to $ 67.8 million during the first quarter of 2024.
According to a press release issued today, the profits before taxes increased by 45% to 101.2 million dollars during the first quarter of this year, compared to about 69.7 million dollars during the first quarter of last year.
The revenues grew 15% to 395.9 million dollars, compared to 343.6 million dollars during the same comparison period.
According to the company’s data, the value of the total assets exceeded $ 13.1 billion at the end of the first quarter of this year, and the available liquidity amounted to about 3 billion dirhams.
The number of aircraft is acquired: 19 of which are 13 owned and 6 orbits, and the number of aircraft sold is 15 of them 11 owned and 4 orbits.
The rental agreements, extensions and signed amendments were 61 of which 46 owned and 15 orbit.
The number of working hours reserved in the engineering department reached about 500 thousand, while the number of examination operations in the engineering department reached 102.
The first quarter witnessed the signing of an agreement to acquire the company “Nordic Capital Dac”; A total value of $ 2 billion, and signing agreements to acquire 17 billion dollars.
Fayrouz Tarabur, CEO of Dubai Aviation Industries, said: The first quarter of 2025 was exceptional in terms of financial and operational aspects, as our profit margin before tax exceeded 25%, and our return on property rights rose to 13% thanks to the favorable operational environment and the expansion of our business model.
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