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FINANCIAL NEWS
Dubai-Emirates Group posts USD 2.2bn profit
10 May 2016
(MENAFN) The Dubai-based Emirates Group recorded a profit of USD 2.2bn for the financial year ending March 31, a jump of 50 percent from last year.
Moreover, the group’s income touched USD 25.3bn, a drop of 3 percent over last year’s results, and the group’s cash balance grew to USD 6.4bn.
The group achieved new capacity and profit milestones during 2015-16 financial years, as it continued to expand its global footprint and increase its business.
In addition, the group also recorded a 56 percent increase in annual profit, with lower oil prices in order to reduce operating costs.
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