Following a recent restructuring, Dubai Aerospace Enterprise (DAE) recorded a 110 per cent increase in its full year 2011 net income excluding non-recurring items to $81.3 million against the previous year's net income of $38.8 million, the aerospace company said Monday in a statement.
The company's net income for the full year stood at $121.7 million, up from $10.3 million in 2010.
DAE Managing Director Khalifa H Al Daboos said in a statement: "Our strong equity base allows us to be a long-term competitor in our chosen markets."
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