Abu Dhabi Aviation Co on Monday posted net profits totaling AED 94.169 million ($25.64 million) in the third quarter of 2018, down 18.42% year-on-year from AED 115.47 million ($31.44 million).
The company’s operating revenues fell to AED 351.52 million from AED 298.19 million Q3-17, it said in a filing to the Abu Dhabi Securities Exchange (ADX).
As for the first nine months of the year, the ADX-listed company posted net profits of AED 206.88 million versus AED 221.574 million for the same period last year.
Its operating revenues grew to AED 1 billion during the nine-month period from AED 909.310 million in the same nine months of 2017.
Abu Dhabi Aviation previously reported a decline of 15.4% in its net profits for Q2-18 to AED 45 million from AED 53.2 million in the corresponding period last year.