Dubai Aviation Industries Limited net profit increased 116% to $ 373 million (1.37 billion dirhams) in 2018, compared to $ 172.6 million (634 million dirhams) in 2017.
According to a statement obtained by Namazone, the company recorded profits before taxing $ 428.8 million, an increase of 135%, achieving a profit margin before taxes of 30%, while total revenue reached $ 1.43 billion, an increase of 70%.
>It is reported that 2018 was the first full year of the joint operations of the company after the acquisition of AWAS in August 2017. It was also the first full year of engineering division operations under new leadership and the full transformation of the division into a global competitor.
