Air Arabia (AIRARABIA) 2008 Q1 financial report

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2008 Q1 result list | AIRARABIA 2008 Q1 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:   
AIRARABIA accounts in UAE dirhams    
Date of results and share price AED 2.04 on 11 May 2008    
Current share price AED 0.97 on 15 Apr 2009    
Chairman
CEO
Balance Sheet (AED) 31 Dec 2007 31 Mar 2008   %Δ   ? notes
Total Assets 5,337,559,432 5,537,977,923 4%
Total Liabilities (308,082,053) (407,991,351) 32%
Shareholders Equity 5,029,477,379 5,129,986,572 2%
Income Statement (AED) 2007 Q1  2008 Q1       
Revenue (Sales) 241,000,000 383,232,543 59%
Cost of Revenues (COGS)   (330,409,157)
Gross Profit   52,823,386  
Other Income   46,396,774      
Other Expenses   (20,909,470)      
Net Profit   78,310,690      
Minority Interests   0      
Net Profit due to shareholders 43,400,000 78,310,690 80%
Earnings Per Share stated (annualized) 0.02 (0.08)    
Ratio Calculations As on 11 May 2008      
Number of shares outstanding   4,666,700,000    
EPS calculated (annualized) 0.01 (0.04) 0.02 (0.07) 80%  
Price to Earnings ratio (PE)* 54.8 30.4   Calculated EPS used
Price to Book Value (PBV) 1.9 1.9 -2%  
Return on Assets (ROA)* 3.3% 5.7% 74%
Return on Equity (ROE)* 3.5% 6.1% 77%
Return on Sales (ROS) or Profit Margin 18.0% 20.4% 13%
*Based on annualized profits          
Comments about Air Arabia Q1 2008 results

Figures for 2007 Q1 from Air Arabia press release or previous data. Financial statements supplied for 2008 Q1 did not contain 2007 Q1 data (Air Arabia was not listed on the DFM until July 2007). Other Income consisted mostly of Profit on Bank Deposits - a figure of AED 45.3 million. Air Arabia Net Profit has fallen compared to the previous quarter 07Q4 (and that quarter's profit fell compared to 07Q3).

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