Good performance over and over again
Budget carrier, Air Arabia, the United Arab Emirates’ only publicly-listed airline, reported a net profit of AED529m for 9M 2016 ending Sep 30, 2016, an increase of 16% compared to the AED455.3m reported for the same period last year. The company’s 9M 2016 revenue reached AED2.963bn, an increase of 3% compared to 9M 2015. Air Arabia reported a 26% rise in Q3 2016 net profit.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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