Group records 30th consecutive year of profit of AED 4.1 billion (US$ 1.1 billion)
• Solid business growth in line with capacity increases leading to a record revenue of more than AED 100 billion (US$ 27.2 billion) for the 1st time.
• Improved cash balance of AED 25.4 billion (US$ 6.9 billion).
• Declares a dividend of AED 2.0 billion (US$ 545 million) to the Investment Corporation of Dubai.
Emirates reports a profit of AED 2.8 billion (US$ 762 million), 124% better than the previous year
• Airline capacity crosses 61 billion ATKM with a net addition of 9 new aircraft to the fleet.
• Revenue increases by 9% to AED 92.3 billion (US$ 25.2 billion), supported by strong cargo performance.
Dnata makes highest profit ever, at AED 1.3 billion (US$ 359 million)
• Record revenue of AED 13.1 billion (US$ 3.6 billion) reflects further business expansion, with international business now accounting for 68% of revenue.
• Expands global footprint with ground handling acquisitions in the Americas, adds new facilities and service capabilities across its airport operations, catering, and travel services divisions.
The Emirates Group announced its 30th consecutive year of profit and steady business expansion.
Released in its 2017-18 Annual Report, the Emirates Group posted a profit of AED 4.1 billion (US$ 1.1 billion) for the financial year ended 31 March 2018, up 67% from last year.
The Group’s revenue reached AED 102.4 billion (US$ 27.9.billion), an increase of 8% over last year’s results, and the Group’s cash balance increased by 33% to AED 25.4 billion (US$ 6.9 billion) supported by the bond issued in March and strong sales due to the early Easter holidays at the end of March.
In line with the overall profit, the Group declared a dividend of AED 2.0 billion (US$ 545 million) to the Investment Corporation of Dubai.
In 2017-18, the Group collectively invested AED 9.0 billion (US$ 2.5 billion) in new aircraft and equipment, the acquisition of companies, modern facilities, the latest technologies, and staff initiatives.
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Source: Emirates