Dubai, Feb. 6 -- Dubai Aerospace Enterprise (DAE) Ltd on Feb 5 reported its financial results for the year ended 31st December 2024, posting a 36.2pc growth in profits to US$477.5 million in 2024 from US$ 350.6 million in 2023.

According to financial results, revenues grew by 9pc in 2024 to US$1.42 billion from US$1.31 billion in 2023. Total assets reached more than US$13 billion by the end of 2024 compared to US$12.26 billion in 2023.

Commenting on the results, Firoz Tarapore, Chief Executive Officer of DAE, stated, "We advanced the franchise forward yet again in 2024 by acquiring 83 owned and managed aircraft, growing revenue by 9% and increasing pre-tax profitability by 45pc.

This translates into a stellar pre-tax profit margin and ...