Emirates Group reports half year performance

GMT 23:17 2014 Wednesday ,12 November

Arab Today, arab today Emirates Group reports half year performance

Sheikh Ahmed bin Saeed al-Maktoum
Dubai - KUNA

The Emirates Group on Wednesday announced its half-yearly results which show steady performance and growth, despite a challenging business environment marked by ongoing health pandemic concerns, regional conflicts and weakening global markets. The Emirates Group revenues reached AED 47.5 billion (USD 12.9 billion) for the first six months of its 2014-15 fiscal year, up 12% from AED 42.3 billion (USD 11.5 billion) from the same period last year, it said in a statement.
Net profit for the Group rose to AED 2.2 billion (USD 607 million) an increase of 1% over the last year's results.
The Group's cash position on 30th September 2014 was at AED 16.1 billion (USD 4.4 billion), compared to AED 19.0 billion (USD 5.2 billion) as at 31st March 2014. This is due to ongoing investments mainly into new aircraft and other airline related infrastructure projects.

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