The leading low-cost carrier delivers solid performance
The Middle East and North Africa’s first and largest low-cost carrier, Air Arabia reported a net profit of AED245m for H1 2016 ending June 30, 2016, an increase of 3.5% compared to the AED237m reported for the same period last year. The company’s revenue for H1 2016 reached AED1.84bn, an increase of 5.5% compared to H1 2015. Net profit during Q2 2016 stood at AED131m, 14% less than the corresponding period of 2015.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.