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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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