403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Abu Dhabi Aviation profit hits USD66.61m in 2014
(MENAFN) Abu Dhabi Aviation, a commercial helicopter operator, logged a net profit of USD66.61 million for 2014, making a jump from the USD60.89 million of 2013, Gulf News reported.
However, revenues fell slightly to USD438.27 million in 2014, down from approximately USD446.44 million registered the previous year, according to financial reports.
Despite the drop in revenue, the rise in net profit was due to a decrease in operating costs to USD323.94 million, marking an improvement from the USD326.66 million of 2013.
"We sold five Airbus A300 aircraft, which brought losses because they were competing with major airlines," the chief financial officer at Abu Dhabi Aviation said, commenting on the firm's losses.
However, revenues fell slightly to USD438.27 million in 2014, down from approximately USD446.44 million registered the previous year, according to financial reports.
Despite the drop in revenue, the rise in net profit was due to a decrease in operating costs to USD323.94 million, marking an improvement from the USD326.66 million of 2013.
"We sold five Airbus A300 aircraft, which brought losses because they were competing with major airlines," the chief financial officer at Abu Dhabi Aviation said, commenting on the firm's losses.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment