Abu Dhabi – Mubasher: Abu Dhabi Aviation Company on Monday posted a 21% year-on-year profit decline for the full-year 2018.

Net profits amounted to AED 231.4 million ($63.01 million) in 2018, compared to AED 243.6 million ($66.33 million) in 2017, according to a filing to the Abu Dhabi Securities Exchange (ADX).

Earnings per share (EPS) registered AED 0.52 for the year ended 31 December 2018, from AED 0.55 in the year before.

Total revenues of the Middle East’s largest commercial helicopter operator stood at AED 1.8 billion by the end of 2018, against AED 1.6 billion in the previous year.

As for the fourth quarter of 2018, the company’s profits hit AED 66 million, against AED 54.4 million in the same period of the prior year.