Stable 2019 earnings for Dubai Aerospace Enterprise

Dubai Aerospace Enterprise (DAE)  reported its financial results for full year total revenue of US$1,421.3m for 2019, in line with its 2018 figures of US$1,436.6m, and it reported profit before tax of US$413.6 million. DAE’s profits were also in line with the 2018 numbers of  US$428.8 million and resulted in pre-tax profit margin of 29.1% , and a net debt to equity ratio of 2.64x versus its year-end 2018: 2.57x) the lessor said.The lessor’s results also reported that unsecured debt as a percentage of total debt was  62% a jump on the  46% it reported the previous year. Commenting on the results Sheikh Ahmed bin