Abu Dhabi Aviation nine-month profit falls by 23pct
- United Arab Emirates: Wednesday, October 24 - 2012 at 16:30
The Abu Dhabi market measure ADX General Index added 0.20% to reach 2,657.72 points. Etisalat gained 0.31% after the UAE's first telecom provider said the net profit after federal royalty increased to Dhs2.2bn, up 28% year-on-year. Consolidated revenues remained flat at Dhs8.0bn, while revenue from international operations grew to Dhs2.4bn, up 7%. Real estate giants Aldar and Sorouh fell by 0.73% and 0.76%, respectively. Abu Dhabi Aviation anded even at Dhs2.85. Earlier in the day, the firms said its nine-month net profit was Dhs181.6m, down from Dhs236.8m last year.
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