DUBAI, United Arab Emirates — Emirates Group posted its highest-ever half-year earnings, reporting net profit of 10.1 billion dirhams ($2.75 billion) for 2023-24 on rebounding demand.
The figure eclipsed its half-year profit of the previous year — 4.2 billion dirhams — by 138%.
Group revenue was 67.3 billion dirhams, up 20% from the previous year's six-month revenue figure.
Emirates Group, the state-owned Dubai-based holding company of which Emirates Airline is a subsidiary, also reported a figure for earnings before interest, taxes, depreciation, and amortization (EBITDA) of 20.6 billion dirhams, up from 15.3 billion dirhams the same period last year.
It reported its cash position at 42.7 billion dirhams.
Persons:
Sheikh Ahmed bin Saeed al Maktoum, Al Maktoum
Organizations:
United Arab Emirates — Emirates Group, Emirates Group, Emirates, Emirates Airline, Group
Locations:
DUBAI, United Arab, Dubai