(MENAFN) UAE's Air Arabia said that its net profit for the first quarter was higher than expected, as it rose by 29 percent, according to Arab News.
The company's net profit for the quarter was estimated at USD19.5 million compared to USD15.08 million during the same quarter 2013.
Two analysts polled by Reuters forecast Air Arabia's profit at USD13.55 million and USD15.65 million.
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