- Group records AED 4.1 billion (US$ 1.1 billion) profit; makes largest-ever investment in the business at AED 22.0 billion (US$ 6.0 billion)
- Emirates makes profit of AED 3.3 billion (US$ 887 million), as revenue increases 13% to AED 82.6 billion (US$ 22.5 billion)
Largest-ever capacity increase of 5.9 billion ATKM in airline’s history
- dnatamakes profit of AED 829 million (US$ 226 million), as revenue increases 14% to AED 7.6 billion (US$ 2.1 billion)
- dnata invests a record AED 850 million(US$ 232 million)
DUBAI, U.A.E., 8th May 2014 The Emirates Group today announced its 26th consecutive year of profit and company-wide growth, ending the year in a strong position despite competitive pressure and a global economic environment that is only slowly recovering. The financial year ending 31 March 2014 also marked an unprecedented level of investment across the Group, continued expansion of its global footprint, and the achievement of new capacity milestones.
Released today in its 2013-14 Annual Report, the Emirates Group posted an AED 4.1 billion (US$ 1.1 billion) profit, up 32% from last year. The Group’s revenue reached AED 87.8 billion (US$ 23.9 billion), an increase of 13% over last year’s results, and the Group’s cash balance remained strong at AED 19.0 billion (US$ 5.2 billion).
“Achieving our 26th consecutive year of profit in a financial year marked by record increases in capacity and significant business investments across the Group, is testimony to the strength of our brands and our business fundamentals,” said His Highness (H.H.) Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group.
