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Emirates profits rebound more than double in first half

Posted on 13 November 2012

Despite continued global economic pressure and high fuel prices, the Group’s revenue and other operating income rose to 38.2 billion Dirhams ($ 10.4 billion) an increase of 16 per cent over the last year’s results. This constitutes the first time in the Group’s history that revenue surpassed the $ 10 billion mark in a six month period.
The Group’s cash position on 30th September 2012 remained strong at 15.2 billion Dirhams (US$ 4.1 billion), compared to 17.6 billion Dirhams (US$ 4.8 billion) as of March end 2012. The 2.4 billion Dirhams difference in the cash balance is primarily resulting from 2.0 billion Dirhams Sukuk bond repayment in June 2012………………………………………..Full Article: Source

 
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