Dubai – Mubasher: Emirates Group has announced that it will distribute AED 2 billion ($540 million) approximately in cash dividends for the fiscal year ended 31 March 2018.
The state-owned carrier reported a 67% growth in net profit in FY17/18 on the back of the increase in its revenue.
The group’s net profit surged to AED 4.11 billion ($1.12 billion) in the previous year, in comparison with AED 2.46 billion ($670 million) a year earlier.
Emirates did not distribute dividends for the year ended 31 March 2018.
In 2017, Emirates, the world’s largest airline by international passengers, invested AED 9 billion to purchase new jets and equipment and develop the infrastructure.
