Airbus posts higher first quarter profits
AMSTERDAM: The European aviation company, Airbus, said on Wednesday that its first quarter net income rose to €793 million (US$899 million) or €1.01 per share, up from €595 million or €0.76 per share last year, the German news agency (dpa) reported.
Adjusted Earnings Before Interest and Taxes or EBIT rose by 8 per cent to €624 million from €577 million last year. Reported EBIT dropped by 22 per cent to €473 million from €609 million. Consolidated revenues for the first quarter rose 6 per cent to €13.542 billion from €12.83 billion last year.
A total of 136 commercial aircraft were delivered compared to 142 aircraft in the prior year. The deliveries comprise of 17 A220s, 106 A320 Family, four A330s and nine A350s.
-- BERNAMA-dpa
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