Dubai: Dnata expects revenue contribution from the travel services companies it owns to more than double in its current financial year that ends March 30, said President Gary Chapman in an interview on Monday.
“Travel services was around a relatively small percentage of revenue, a year ago around 10 per cent, this year it will be over 20 per cent because of the investments we have made,” he said.
Dnata’s division of travel service companies saw revenue increase 161 per cent to Dh873 million in the six months to September 30.
The Emirates Group subsidiary has invested this year acquiring assets in the United Kingdom including Stella Travel Services and Gold Medal Travel Group.
Chapman is conscious dnata’s travel services division has become “too UK centric” after buying a number of UK assets that companies began to offload since the 2008/09 financial crisis and is now looking at destination-leisure organisation in Asia.
Chapman, suggesting dnata is looking to offload some of its own assets, said full-year profits ending March 31 are likely to be bolstered by a “combination of positive business environment and some one-offers that will be reported in April.”
