Dubai Aerospace Enterprise (DAE) has reports strong earnings for the three months to end March 2023. DAE’s total revenue was $315.2 million, up from $298 million in the prior year period. Profit for the quarter also rose to $69.2 million, up from $46.6 million a year ago. DAE’s adjusted pre-tax profit margin is 23.3% for the quarter with an adjusted pre-tax return on equity of 9.9%. Operating cash flow for the reporting period was $283.8 million. DAE’s Net Debt-to-Equity is now 2.47x. The lessor confirmed it had made open market bond repurchases of $205 million during the first quarter. “Our

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