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


 


Khaleej Times




  MENA News Headlines
 Oct 21 2014 - Iraqi Prime Minister Arrives in TehranQatar News Agency
(MENAFN - QNA) Iraqi Prime Minister Haider al-Abadi, heading a high- ranking delegation, arrived in Tehran on Monday evening, Iran's News Agency (IRNA) reported. This is the first visit of al-Abadi ...

 Oct 21 2014 - Official suspended as Egypt woman delivers baby outside hospitalArab News
(MENAFN - Arab News) CAIRO: An Egyptian hospital director was suspended on Monday after a video purporting to show a woman giving birth on the facility's doorstep caused an uproar among citizens ...

 Oct 21 2014 - Haniyeh's daughter 'treated in Israel'Arab News
(MENAFN - Arab News) JERUSALEM: A daughter of the leader of Hamas in Gaza was admitted to an Israeli hospital for emergency medical treatment this month after she suffered complications from a ...

 Oct 21 2014 - Insurgents kill 18 Houthis as sectarian strife spreadsArab News
(MENAFN - Arab News) SANAA: Al-Qaeda-affiliated insurgents killed 18 Shiite Houthi rebels and seized an important city in central Yemen tribal sources said on Monday in a spread of sectarian conflict ...

 Oct 21 2014 - Aleppo siege looms as Assad regime gains groundArab News
(MENAFN - Arab News) DAMASCUS: The Syrian regime Army has reportedly advanced in the rebel-held areas around Aleppo in a bid to fully besiege the northwestern city opposition sources and activists ...

 Oct 21 2014 - Kurds hail US arms drop as Turkey boosts Kobane battleArab News
(MENAFN - Arab News) MURSITPINAR: Kurds battling militants for the Syrian border town of Kobane welcomed a first US airdrop of weapons Monday as neighboring Turkey said it will help Iraqi Kurds to ...

 Oct 21 2014 - Rosewood Corniche introduces new market style weekend lunchArab News
(MENAFN - Arab News) Residents and weekend visitors in Jeddah are in for a new lunchtime treat with the introduction of a new midday dining concept at the Rosewood Corniche.The Rosewood Corniche ...

 Oct 21 2014 - Etihad Airways Alitalia unveil two Expo Milano aircraftArab News
(MENAFN - Arab News) Alitalia Italy's leading carrier and Etihad Airways the national airline of the UAE have unveiled two aircraft in a Expo Milano 2015 livery to mark their co-sponsorship of the ...

 Oct 21 2014 - NEC hosts event for Saudi business leadersArab News
(MENAFN - Arab News) The technology innovation Japanese company NEC gathered top Japanese firms and Saudi business leaders for a BusinessConnect Evening hosted by Matahiro Yamaguchi consul general of ...

 Oct 21 2014 - Flynas official carrier for 4th International Conference on Disability 1amp RehabilitationArab News
(MENAFN - Arab News) Flynas the national carrier of Saudi Arabia sponsored the 4th International Conference on Disability & Rehabilitation which was held in Riyadh on Oct. 19-21. flynas also ...

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