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FINANCIAL NEWS
Emirates’ Dnata’s annual profit at record high of USD169.84m
11 May 2012
(MENAFN) UAE’s Dnata stated that during the last fiscal year, it made USD169.84 million profit, its highest ever, reported Gulf News.
The ground handling and ticketing unit of Emirates Group said that revenue during the period hiked 58.9 percent over a year earlier to USD1.47 billion.
It added that the in-flight catering accounted for USD525 million of total revenue, followed by dnata’s airport operations, with a revenue of USD483 million.
It is worth noting that during the period, dnata acquired a majority stake in Travel Republic Ltd, the online travel agency, and a 50 percent interest in South Africa’s Wings Inflight Services.
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Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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