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DAE posts financial results for first half of 2021

Dubai Aerospace Enterprise (DAE) has released its financial results for the six months ended June 30, 2021. DAE reported total revenue of US$613.4 million compared to the US$675.9 million in the first six months of 2020 and adjusted profit before tax of US$67.3 million compared to US$131.9 million the previous year.

The company’s operating cash flow amounted to US$498.5 million compared to US$432.2 million in the first six months of 2020. Available liquidity was US$4,099.0 million compared to US$2,693.0 million at the year-end 2020.

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