Emirates post half-year net profit of AED2.2bn (US$607m)

The Emirates Group 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 47.5bn (US$ 12.9bn) for the first six months of its 2014-15 fiscal year, up 12% from AED 42.3bn (US$ 11.5 bn) from the same period last year. Net profit for the Group rose to AED 2.2bn (US$ 607m) an increase of 1% over the last year’s results. The Group’s cash position on September 30th,  2014 was at AED 16.1bn (US$ 4.4bn), compared to AED 19.0bn (US$ 5.2 bn) as at  March 31st, 2014. This is due to ongoing investments mainly into new aircraft and other airline related infrastructure projects.