Dubai Aerospace Enterprise (DAE) has reported total revenue for the nine months ended September 30, 2020 of $984.1 million, down from $1,085.1 million in the prior-year period. Net income for the reporting period fell to $167.3 million from $260.5 million last year. Pre-tax profit margin was 18% down from 26%; with an 8% pre-tax return on equity down from 11% in 2019. DAE’s net debt-to-equity is 2.47x, with unsecured debt as a percentage of total debt at 62% up from 57% at end of 2019. DAE has $2.13bn in available liquidity compared to $2.4bn at end 2019 after repaying a
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.