DAE reports financial results for quarter

Lauren Eldershaw
By Lauren Eldershaw May 9, 2019 15:29

DAE reports financial results for quarter

Dubai Aerospace Enterprise (DAE) has revenue of $360 million for the three months ended 31 March 2019 compared to $352.4 million in the prior-year quarter. Profit rose to $99 million compared to $96 million in Q1 2018, resulting in a pre-tax profit margin of 30%.

DAE’s net debt-to-equity ratio has fallen to 2.56x from 2.57x at the end of 2018. The lessor’s unsecured debt as a percentage of total debt is 54% compared to 46% at the end of 2018.

Lauren Eldershaw
By Lauren Eldershaw May 9, 2019 15:29