$18m profit for UAE aviation firm


Abu Dhabi Aviation has reported a net profit of around Dh67 million ($18.25 million) during the first nine months of 2002. The bulk of the earnings came from investments, a report said.

The government-owned company said operating profit stood at Dh28.63 million while gain on remeasurement of investment property totalled nearly 31.1 million during the same period.

Income from investment property was put at Dh4.7 million and gain on remeasurement of investments at Dh2.37 million.