EMIRATES POSTS NEW RECORD PROFITS

30 April, 2008

Group profit up 54.1% to AED 5.3 billion (US$ 1.45 billion)
Airline profit up 62.1% to AED 5 billion (US$ 1.37 billion)
Dnata marks net profit of AED 305 million (US$ 83 million)

20th consecutive year of net profit for the airline and group
Ownership to receive AED 1 billion (US$ 272.5 million) dividend
Group’s estimated contribution to Dubai economy worth AED 47 billion (US$ 12.8 billion)

DUBAI, UAE, 30th April 2008 - The Emirates Group today reported its 20th consecutive year of net profit, notching a new profit record despite soaring oil prices and challenging business conditions in the second half of its 2007-08 fiscal year.


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Also announced a 14 week profit share for all employees.



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