Sponsored Listings:
The Annual Report reveals a profit of AED 8.2 billion the financial year ending March 31, 2016, up 50% from last year. The Group’s revenue reached AED 93 billion ($25.3 billion), a decrease of three percent over last year’s results, while the Group’s cash balance increased strongly to AED 23.5 billion ($6.4 billion).
Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group, said, “Emirates and dnata delivered record profits, solid business results, and continued to grow throughout 2015-16. Against an unfavourable currency situation which eroded our revenues and profits, an uncertain global economic environment dogged by weak consumer and investor sentiment, as well as ongoing socio-political instability in many regions around the world, the Group’s performance is testament to the success of our business model and strategies.”
The Group’s employee base across its more than 80 subsidiaries and companies increased by 13% to over 95,000, representing over 160 different nationalities. In line with the overall profit, the Group declared a dividend of AED 2.5 billion ($681 million) to the Investment Corporation of Dubai.
, a decrease of three percent over last year’s results,… "Pin It")
Source: travelnewsdigest.in