Jazeera Airways Group yesterday announced its financial results for full year 2011, reporting a record KD10.6 million in net profit for the year with an earnings per share of 0.048 fils, a record KD57.8 million in revenue for the year, up 36% from last year, and a record KD14.9 million in operating profit for the year.
The results reflect the success of the company’s Turn-Around Plan implemented in second quarter 2010 and steered the company into continued profitability for the last six quarters, five of which had realized record-breaking earnings.
The company also announced its fourth quarter 2011 results, reporting a net profit before tax of KD1.4 million and revenues of KD13.3 million.
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