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DAE reports financial results for the three months ended 31 March 2019

Revenue of US$360 million; Net Income of US$99 million

Dubai, U.A.E

 Dubai Aerospace Enterprise (DAE) Ltd. reported financial results for the three months ended 31 March 2019

Total Revenue: US$360.0 million (Q1 2018: US$352.4 million)

Profit: US$99.0 million (Q1 2018: US$96.0 million)

Pre-Tax Profit Margin: 30% (Q1 2018: 31%)

Net Debt-to-Equity: 56x (Year-end 2018: 2.57x)

Unsecured Debt as a percentage of Total Debt: 54% (Year-end 2018: 46%)

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