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FINANCIAL NEWS
UAE’s Dnata logs 64 percent jump in profit over April-Sep
06 Nov 2015
(MENAFN) Dnata, the Emirates Group’s travel and airport Services Company, saw its profit climb 64 percent to hit USD151.6 million over the second and third quarter as opposed to last year’s USD92.2 million.
This significant surge was mainly driven by the first full-year contributions of the Stella Group and Tolla Dnata acquisitions, and it’s worth mentioning that income grew 27 percent to USD1.4 billion in the cited period.
Airport operations continue to be Dnata’s biggest contributor of revenue, accounting for USD653.2 million in the first six months of the current year, which reflects a 21 percent development.
Furthermore, the company’s flight catering segment contributed USD244.9 million in income, deteriorating 8 percent. The subdivision uplifted 32.7 million meals, up 4 percent on an adjusted basis.
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