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FINANCIAL NEWS
Air Arabia net profit grows by 3.5pct in H1
12 Aug 2016
(MENAFN) Air Arabia recorded a net profit of USD66.6mn for the first half of this year, increasing by more than 3.5 percent from USD64.5mn in the same period of 2015.
Additionally, the company turnover for the cited half of this year touched USD500.8mn, compared to USD476.3mn in the same period of last year.
However, despite the challenges that the company faces and the pressure on yield margins, but it continues to deliver solid financial performance and strong growth.
The company flew almost 2mn passengers in the second quarter of this year, grew by 12 percent compared to the same period of 2015.
More News
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
29 Jul 2024
BBK discloses its financial results for the half year ended 30th June 2024
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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