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FINANCIAL NEWS
Dubai’s Emirates Group records USD1.5b annual profit
07 May 2015
(MENAFN) Dubai’s Emirates Group posted annual profits of about USD1.5 billion, marking an unprecedented annual increase by 34 percent, the first in the Group’s history, Arabian Business reported.
The Group’s revenue hit USD26.3 billion, showing an annual increase of about 10 percent. The Group’s dividend to the Investment Corporation of Dubai was declared at USD700 million.
According to corporate data, the Airline made an investment worth USD5.5 billion in fleet facilities, technology and workforce back in 2014-15 financial year.
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