DAE reveals H1 2019 financial results

Darren Wood
By Darren Wood August 8, 2019 09:24

DAE reveals H1 2019 financial results

Dubai Aerospace Enterprise (DAE) has revealed that its total revenue for the first half of 2019 stands at $726.9 million, up from the $711.4 million posted in the same period last year.

The group said that its profit $197.1 million, an increase from the $195.2 million posted in June 2018.

DAE’s pre-tax profit margin was slightly down by 2% year-over-year standing at 29%.

Earlier this week, DAE signed an agreement to raise an additional $490 million from three loan agreements.

Darren Wood
By Darren Wood August 8, 2019 09:24