Abu Dhabi Aviation posts growth of 60%
Abu Dhabi Aviation announced Monday net profits of Dh83.52 million for the year ending December 31, 2004 against Dh52.132 million during the same period previous year, showing an impressive growth of 60.20 per cent.
The revenue turnover inched up by 2.01 per cent reaching at Dh281.8 million against Dh276.24 million, according to Khaleej Times.
Under the head of other income from investments, the aviation company earned Dh42.786 million. It included incomes from investment in property which saw an increase of 8.48 per cent reaching to Dh7.2 million, income from fair value of investment made by the company multiplied by 268.89 per cent to Dh25.8 million while an amount of Dh6 million was raised from sales of investments.