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Air Arabia second quarterly net profit up 30 percent at $18 million

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UAE budget carrier Air Arabia said quarterly net profit rose 30.7 percent at 66.15 million dirhams ($18 million), beating analysts' forecasts.

August 7, 2012 10:05 by



UAE budget carrier Air Arabia said quarterly net profit rose 30.7 percent at 66.15 million dirhams ($18 million), beating analysts’ forecasts.

Revenues for the period increased to 729.6 million dirhams, compared to 592.2 million dirhams a year ago, the company said in a bourse statement on Tuesday.

($1 = 3.6730 UAE dirhams)

(Reporting By Mirna Sleiman; Editing by Bernardo Vizcaino)



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