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Emirates profits soar 49% in 2004-05 fiscal year
Citing sharp sales growth and increasing customer preference for its products, Emirates Group reported a record net profit of Dhs2.6 billion ($707.9 million) for the 2004-05 fiscal year ended March 31, a 49% jump over a net profit of Dhs1.75 billion in FY04.
Total revenue rose 36.2% to Dhs19.09 billion while total costs climbed 34.9% to Dhs16.4 billion, producing an operating profit of Dhs2.81 billion, up 47.1% over operating profit of Dhs1.91 billion in the prior financial year.