Revenue for full year 2012 increased to $1,943m (Dhs7,140m) from $1,802m (Dhs6,621m) for full year 2011. Net Income for full year 2012 was $7.3m (Dhs27.0m), down from $121.7m (Dhs447.1m) in 2011.
DAE Managing Director Khalifa H. AlDaboos said: "DAE was successful yet again in growing its Core Income. "Our business prospects are strong, and the Company is poised for growth in 2013 and beyond".
Dubai Aerospace Enterprise (DAE) Ltd is a globally recognized aerospace company specializing in maintenance, repair and overhaul (MRO) services, aircraft completions and aircraft leasing. The Company is headquartered in Dubai and operates in four continents and employs over 4,000 people.
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DAE full year 2012 revenue up 8% to $1,943m
- United Arab Emirates: Tuesday, May 14 - 2013 at 11:18
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Dubai Aerospace Enterprise (DAE) Ltd. reported Net Income, excluding non-recurring items, of $110.1m (Dhs404.6m) for full year 2012, an increase of 35% over the Net Income, excluding non-recurring items, of US $81.3m (Dhs298.7m) for full year 2011.
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Posted by Nadeen El AjouTuesday, May 14 - 2013 at 11:18 UAE local time (GMT+4)
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