May 11, 2026 01:51 pm (IST)
Follow us:
Emirates Group announces record profits
Dubai, May 10 (IBNS) The Emirates Group today announced its 28th consecutive year of profit and steady business expansion, ending the year with record profits, and in a strong position despite the global and operational challenges during this period.
Released today in its 2015-16 Annual Report, the Emirates Group posted an AED 8.2 billion (US$ 2.2 billion) profit for the financial year ending 31 March 2016, up 50% from last year.
The Group’s revenue reached AED 93 billion (US$ 25.3 billion), a decrease of 3% over last year’s results, and the Group’s cash balance increased strongly to AED 23.5 billion (US$ 6.4 billion).
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Jewellery stocks tumble! Titan, Senco Gold, Kalyan down up to 10% after Modi’s gold appeal
Mon, May 11 2026
Sensex crashes over 1,000 points as West Asia tensions rattle markets, oil prices surge
Mon, May 11 2026
AI takes over? Cloudflare cuts 1,100 jobs as AI surges
Fri, May 08 2026
Profit jumps 30%! Aditya Birla Capital posts strong Q4 FY26 results
Fri, May 08 2026
Claim Settlement Ratio Explained: How It Affects Your Policy
Thu, May 07 2026