Dubai
Dnata, Emirates Group’s air and travel service provider, reported on Thursday a 20 per cent year-on-year increase in its net profits, which reached Dh659 million in the first half of 2017.
Meanwhile, revenues rose 5 per cent to Dh6.3 billion from Dh6 billion in the same half of 2016.
In a statement on Thursday, the company said this was driven by organic business growth, particularly in dnata’s international airport operations business, which accounted for 67 per cent of the company’s revenues.
Dnata’s airport operations brought in Dh3.4 billion in revenues, as the company handled 11 per cent more aircraft and 25 per cent higher cargo volumes. This was a result of new customer contracts, and expansion to new locations such as Rio de Janeiro and Amsterdam as well as an upturn in cargo volumes.
“This [profit increase] was driven by dnata’s continued focus on extracting operations, process, and cost efficiencies across all business streams, and supported by strong performances from both its international and UAE airport operations divisions, with new customers won and the expansion of existing contracts,” Emirates said in the statement.
During the first half of 2017, dnata acquired AirLogistix USA, marking the Dubai-based business’ entry into the US cargo market. The company also expanded its lounge product to new markets in Australia and Pakistan, and opened a new maintenance base in Singapore.
