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Indiaexportnews.com

Dnata profit up 8.3pc

  17.05.2018    

Dubai-based ground handler dnata's 2017-18 net profit increased 8.3 per cent year on year to AED1.3 billion (US$353 million), drawn on revenues of AED13.5 billion, up seven per cent, reported TradeArabia.
Dnata, part of the Emirates Group, noted that its international business now accounts for 68 per cent of its revenue.
The strong performance was achieved through organic growth with key contract wins coupled with solid customer retention across its four business divisions, as well as the impact of acquisitions from previous year, said the report.
Dnata continued to lay the foundations for future growth by investing AED600 million in new facilities and equipment, acquisitions, leading-edge technologies and people development.
In 2017-18, dnata's operating costs increased eight per cent to AED11.9 billion, reflecting the impact of organic growth across all lines of business coupled with integrating the newly acquired companies mainly across its international airport operations.
Revenue from dnata's UAE Airport Operations, including ground and cargo handling, increased by four per cent to reach AED3.2 billion.
The number of aircraft movements handled by dnata in the UAE declined two per cent to 211,000, impacted by the geopolitical situation in the region, whereas cargo handling increased two per cent to 731,000 tonnes, supported by the strong overall air cargo market.
Dnata's international airport operations division grew revenue 14 per cent to AED3.8 billion on account of increasing business volumes, opening of new locations and winning new contracts.
International airport operations continue to represent the largest business segment in dnata by revenue contribution. The number of aircraft handled by the division further increased substantially by 10 per cent to 449,000, and cargo noted a substantial growth of 10 per cent to 2.4 million tonnes of handled goods.
Dnata's catering business accounted for AED2.1 billion of its total revenue, up seven per cent. The inflight catering business uplifted more than 55 million meals to airline customers.
Revenue from dnata's Travel Services division has seen a turnaround after last year's decline with an increase of eight per cent to AED3.4 billion. The underlying total transaction value (TTV) of travel services sold increased six per cent to AED11.3 billion.



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