Emirates Group makes strides

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His Highness Sheikh Ahmed bin Saeed Al Maktoum - CEO of Emirates Airline Group (1)
His Highness Sheikh Ahmed bin Saeed Al Maktoum - CEO of Emirates Airline Group (1)
His Highness Sheikh Ahmed bin Saeed Al Maktoum - CEO of Emirates Airline Group (1)
His Highness Sheikh Ahmed bin Saeed Al Maktoum – CEO of Emirates Airline Group (1)

The Emirates Group has announced its half-yearly results, which show steady performance and growth, despite a challenging business environment marked by ongoing health pandemic concerns, regional conflicts, and weakening global markets.

A statement on issued by the Airline in Accra and copied to the GNA, said the Emirates Group?s revenues reached AED 47.5 billion (US$ 12.9 billion) for the first six months of its 2014-15 fiscal year, up 12 per cent from AED 42.3 billion (US$ 11.5 billion) from the same period last

Net profit for the Group rose to AED 2.2 billion (US$ 607 million), an increase of one per cent over the last year?s results, while the Group?s cash position as at 30th September, 2014 was at AED 16.1 billion (US$ 4.4 billion), compared to AED 19.0 billion (US$ 5.2 billion) as at 31st March 2014.year, the statement said.

The Airlines attributed the situation to the ongoing investments mainly into new aircraft and other airline related infrastructure projects.

Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group noted: ?As the biggest operator at Dubai International, we also took the biggest hit to our bottom line from the 80-day runway upgrading works.

?However, we had anticipated it and made meticulous plans to minimise impact operationally and commercially for both Emirates and dnata.

The success of these plans can be seen in our overall growth during this six-month period in spite of the challenge.?

GNA

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