Emirates announced profit of AED 3.1 billion (US$ 845 million)

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 Emirates announced profit of AED 3.1 billion (US$ 845 million).

Emirates announced on May 9 it 25th consecutive year of profit and company-wide growth ending the year in a strong position despite continuing high fuel prices and a weak global economic environment. The financial year also ended with some very positive newly reached capacity milestones throughout the business.

Released today in the Group’s 2012-13 Annual Report, the company posted an AED 3.1 billion (US$ 845 million) net profit, up 34 per cent from last year. Even with external challenges, the Group’s revenue reached AED 77.5 billion (US$ 21.1 billion) an increase of 17 per cent over last year’s results. The Group’s cash balance grew by 53 per cent reaching a solid AED 27.0 billion (US$ 7.3 billion).

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