DAE posts 3% rise in first-quarter profit - The National:
Dubai Aerospace Enterprise, the Middle East's biggest aircraft lessor, posted a 3 per cent increase in first-quarter profit as revenues rose.
DAE's net income for the three months ending March 31 reached $99 million (Dh363.6m) compared to $96m in the same period a year ago, the lessor said on Thursday. First-quarter revenues climbed 2.2 per cent to $360m year-on-year.
The company did not provide a comment on reasons for first-quarter earnings growth.
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