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Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

DAE H1 profit up 13%

DAE revenue increased by 15 percent to $670.1 million. (DAE)
  • The company acquired seven aircraft (two owned and five managed), while 16 aircraft were sold (10 owned and six managed), it added.
  • A total of 64 lease agreements, extensions and amendments were signed -- 48 owned and 16 managed -- while its customers were spread across 60 countries.

Dubai, UAE — Dubai Aerospace Enterprise (DAE) posted a 15 percent increase in revenue to $670 million for the first half of 2023.

The company said profit before tax and exceptional items increased by 13 percent to $150.4 million and its available liquidity reached $2.3 billion.

The company acquired seven aircraft (two owned and five managed), while 16 aircraft were sold (10 owned and six managed), it added.

A total of 64 lease agreements, extensions and amendments were signed — 48 owned and 16 managed — while its customers were spread across 60 countries.

Firoz Tarapore, Chief Executive Officer of DAE, stated, “Our first half 2023 results continue to demonstrate the strong demand we are seeing in the market for aircraft from our airline customers. COVID-era deferral programs are being repaid ahead of schedule and secondary market aircraft valuations remain robust. This resulted in revenue growth of 15 percent compared to the first six months of 2022.”

‘’We have continued with our program of active liability management, repurchasing a further $102 million of principal amount of our bonds during the quarter, bringing the total to $307 million in the first six months of 2023,” he said.