Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Dnata revenues climb 14% on organic growth  Join our daily free Newsletter

MENAFN - Khaleej Times - 09/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) In its 55-years of operation 2013-14 has been dnata?s most successful yet building on its very strong results in the previous year.

dnata one of the world’s largest air services providers recorded a 14 per cent increase in its revenue declaring at dh7.6 billion for the financial year 2013-14 compared to previous year through organic growth and as well as strategic international acquisitions.

dnata also outperformed last year’s record profit to reach dh829 million during 2013-14. it invested a record dh850 million during 2013-14 into its business laying the foundations for future growth.

its key investments included: the development of dnata city — a 20-acre cargo logistics centre at london heathrow airport additional warehousing capacity at seven airports across the uk and capacity expansion of freight gate 3 at dubai airport.

in its 55-years of operation 2013-14 has been dnata’s most successful yet building on its very strong results in the previous year.

for the first time in the company’s history dnata’s international business accounted for 50 per cent of its revenue.

“dnata like emirates has expanded its reach and functions dramatically over the last 12 months. with over 50 per cent of its revenues now derived from overseas and international operations dnata’s airport services business is almost as synonymous as emirates is on the world stage” saj ahmad chief analyst at london-based strategicaero research told khaleej times.

ahmad said that dnata is often affectionately referred to as the “untold” success story at the emirates group. looking at their performance capability over the last year it’s not hard to see why dnata has a powerful presence and one that is sure to reap even more rewards he added.

dnata’s international growth continued with the addition of several new companies in its portfolio including the acquisition of broadlex an aircraft cleaning service provider in australia and gold medal travel group one of the leading distributors of long-haul travel products in the uk. dnata also acquired air chefs in italy by taking over the remaining 50 per cent stake from servair.

revenue from dnata’s airport operations increased strongly by 15 per cent to dh2.8 billion. it remains dnata’s largest revenue stream. the year’s performance was primarily driven by strong volume growth in the uk and dubai including first time handling operations at dubai world central where commercial passenger flights began in october and also in a number of dnata’s other global operations including new services from broadlex. dnata today handles 250 airlines at 27 airports in nine countries and is the world’s largest ground handler of the a380.

dnata’s cargo handling division grew revenue by eight per cent to dh1.2 billion on account of increasing business volumes in the uk and additional road feeder services between both airports in dubai. dubai world central now accounts for 30 per cent of dnata’s cargo handling activities in dubai.

dnata’s catering business accounted for dh1.8 billion of its total revenue up 25 per cent. the inflight catering business uplifted more than 41 million meals during the year a sharp rise of 44 per cent on account of dnata’s consolidated operation in italy as well as its growth in the uk and australia.

revenue from dnata’s travel services division also saw strong growth of 22 per cent to reach dh662 million. this is mainly attributed to business growth in the uk through travel republic and the newly integrated business of the gold medal travel group as of march. the underlying travel services related turnover measured by net sales value increased 10 per cent to dh5.9 billion.

in 2013-14 dnata’s operating costs increased by 15 per cent to dh6.7 billion reflecting the first months of integrating the newly acquired companies across its airport catering and travel businesses. similar to last year dnata’s cash balance of dh2.4 billion remains strong and the business delivered a solid dh1.1 billion operating cash flow in 2013-14.

dnata’s employee strength increased to 23000 a 14 per cent growth which includes employees from its newly acquired companies. the majority of dnata’s staff 60 per cent are based in uae.

— abdulbasit?khaleejtimes.com


 






  MENA News Headlines
 Jul 24 2014 - A forgotten tragedyUN experts call for a stronger response to internal displacement in NigeriaMENAFN Press
(MENAFN Press) GENEVA Switzerland July 23 2014/African Press Organization (APO)/ -- Two United Nations human rights experts today called on the Government of Nigeria and the international community ...

 Jul 24 2014 - Address by Cathy McLeod Parliamentary Secretary to the Minister of LabourMENAFN Press
(MENAFN Press) OTTAWA Canada July 24 2014/African Press Organization (APO)/ -- Check Against Delivery Good morning/afternoon. Thank you for joining us. We are here today to discuss a global ...

 Jul 24 2014 - Flydubai to start Mumbai flights in OctoberspanKhaleej Times
(MENAFN - Khaleej Times) Bai-based flydubai on Wednesday announced the launch of flights to Mumbai bringing the total number of destinations served by the carrier in India to seven with 25 flights a ...

 Jul 24 2014 - Dubai: A vision not an illusionspanKhaleej Times
(MENAFN - Khaleej Times) W laws will reinforce Dubais position as a sought-after global investment and business destination Hisham Abdulla Al Shirawi tells Khaleej Times “Dubai and the UAE as a ...

 Jul 24 2014 - Real estate deals in Dubai hit Dh113 billionspanKhaleej Times
(MENAFN - Khaleej Times) Ga projects and investor confidence behind strong transaction volumes The launch of mega projects and renewed investor confidence have boosted real estate transactions in ...

 Jul 24 2014 - Mashreq bank profit surges 40spanKhaleej Times
(MENAFN - Khaleej Times) Shreq bank announced on Wednesday a 40 per cent increase to Dh1.The bank said it net profit in the second quarter reached Dh585 million an increase of 45 per cent from last ...

 Jul 24 2014 - Marka to list on DFM in SeptemberspanKhaleej Times
(MENAFN - Khaleej Times) Rka a public joint stock company with a capital of Dh500 million on Wednesday announced plan to list its shares on the Dubai Financial Market in the second week of September ...

 Jul 24 2014 - Al Maya opens supermarket in Al Reem IslandspanKhaleej Times
(MENAFN - Khaleej Times) Maya Group has extended its reach in Abu Dhabi by opening its fourth supermarket in the countrys capital and first on Al Reem Island the company said.“The group ...

 Jul 24 2014 - Fees and commission boost FHs H1 earningsspanKhaleej Times
(MENAFN - Khaleej Times) Nance House has posted a robust consolidated net-profit of Dh61.Net fee and commission income grew by a whopping 75 per cent year-on-year to Dh35.8 million. Similarly income ...

 Jul 24 2014 - Majid Al Futtaim revenues jump 14 in first halfspanKhaleej Times
(MENAFN - Khaleej Times) Rong performance across the businesses has boosted Majid Al Futtaims first-half revenues by 14 per cent compared to same period last year the Dubai-based company announced on ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help