Emirates Group announces record profits

The Emirates Group comprising Emirates Airline, dnata and other subsidiaries yesterday announced its 28th consecutive year of profit, says a press release.
In its 2015-16 Annual Report, the Emirates Group posted an US$ 2.2 billion profit for the financial year ending 31 March 2016, up 50 per cent from last year. The Group’s revenue reached US$ 25.3 billion, a decrease of 3 per cent over last year’s results, and the Group’s cash balance increased strongly to US$ 6.4 billion.
Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive, Emirates Airline and Group releasing the Annual Report said: “Emirates and dnata delivered record profits, solid business results, and continued to grow throughout 2015-16.”
In line with the overall profit, the Group declared a dividend of US$ 681 million to the Investment Corporation of Dubai.
Emirates Airline successfully managed increased competitive pressure across all markets to record a profit of US$ 1.9 billion, an increase of 56 per cent over last year’s results, and a healthy profit margin of 8.4 per cent.

Emirates Group announces record profits

The Emirates Group comprising Emirates Airline, dnata and other subsidiaries yesterday announced its 28th consecutive year of profit, says a press release. In its 2015-16 Annual Report, the Emirates Group posted an US$ 2.2 billion profit for the financial year ending 31 March 2016, up 50 per cent from last year. The Groups revenue reached US$ 25.3 billion, a decrease of 3 per cent over last years results, and the Groups cash balance increased strongly to US$ 6.4 billion. Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive, Emirates Airline and Group releasing the Annual Report said: Emirates and dnata delivered record profits, solid business results, and continued to grow throughout 2015-16. In line with the overall profit, the Group declared a dividend of US$ 681 million to the Investment Corporation of Dubai. Emirates Airline successfully managed increased competitive pressure across all markets to record a profit of US$ 1.9 billion, an increase of 56 per cent over last years results, and a healthy profit margin of 8.4 per cent.