Air Arabia (AIRARABIA) 2008 Q2 financial report

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2008 Q2 result list | AIRARABIA 2008 Q2 results - forum topic | Air Arabia - details & pdf financial statements

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AED USD EUR GBP AUD BHD EGP JOD KWD OMR QAR SAR   Precision: 1 2 3
AIRARABIA (listed on DFM)   Auditor:   Deloitte and Touche
AIRARABIA accounts in UAE dirhams    
Date of results and share price AED 1.60 on 03 Aug 2008    
Current share price AED 0.97 on 15 Apr 2009    
Chairman Abdullah Bin Mohammed Al Thani
CEO
Balance Sheet (AED) 31 Dec 2007 30 Jun 2008   %Δ   ? notes
Total Assets 5,337,559,432 5,742,216,736 8%
Total Liabilities (308,082,053) (486,309,242) 58%
Shareholders Equity 5,029,477,379 5,255,907,494 5%
Income Statement (AED) 2007 Q2  2008 Q2       
Revenue (Sales) 272,000,000 487,447,482 79% See comments
Cost of Revenues (COGS)   (415,363,736)
Gross Profit   72,083,746  
Other Income   35,207,322      
Other Expenses   (25,773,822)      
Net Profit   81,517,246      
Minority Interests   0      
Net Profit due to shareholders 71,700,000 81,517,246 14%
Earnings Per Share stated (annualized)    
Ratio Calculations As on 03 Aug 2008      
Number of shares outstanding   4,666,700,000    
EPS calculated (annualized) 0.02 (0.06) 0.02 (0.07) 14%  
Price to Earnings ratio (PE)* 26.0 22.9   Calculated EPS used
Price to Book Value (PBV) 1.5 1.4 -4%  
Return on Assets (ROA)* 5.4% 5.7% 6%
Return on Equity (ROE)* 5.7% 6.2% 9%
Return on Sales (ROS) or Profit Margin 26.4% 16.7% -37%
*Based on annualized profits          
Comments about Air Arabia Q2 2008 results

03 August 2008 (pm): Income statement does not include comparable figures from previous year, and financial statements for 2007Q2 are not available from ESCA, DFM, or Air Arabia websites. Comparison figures in this summary come from press release issued last year.

BOD report reads like a shorter version of the press release. Chairman and CEO names not supplied. Financial statements Balance Sheet not very legible, treat figures with caution or confirm with another source.

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This page last updated 20-Jan-2009. Company information last updated 03 Aug 2008. E & OE.