Category Archives: Revenues

Revenues

Digi Communications N.V. grants stock options to certain employees and managers of its Romanian Subsidiary

BUCHAREST, Romania, 19-May-2020 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) would like to inform the market and its investors that the Board of Directors of the Company has approved the grant of stock options for the benefit of certain employees and managers of RCS&RDS S.A., its Romanian subsidiary and of DIGISOFT IT SRL, a subsidiary of RCS&RDS S.A. The options granted are for a number of 185,500 Class B shares. The vesting of such options is conditional upon fulfillment of several performance criteria, with the vesting period being a minimum of 1 year.

SOURCE: EuropaWire

Digi Communications NV 1Q2020 Financial Results now available

BUCHAREST, Romania, 15-May-2020 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that Q1 2020 financial results are available on the Company’s website.

For details, please see:
http://www.digi-communications.ro/en/investor-relations

SOURCE: EuropaWire

Digi Communications N.V. will host conference call on May 15th 2020 to discuss Q1 2020 financial results

BUCHAREST, Romania, 8-May-2020 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that on May 15th 2020 (at 16:00 UK time / 18:00 EEST) it will host a conference call to discuss the Q1 2020 financial results.

To participate in the conference please follow the instructions from our website www.digi-communications.ro and pre-register for the call. The deadline for pre-registration is until 14.00 UK time/16:00 EEST on 15 May 2020.

A webcast of the call and the presentation materials will be available on our websites and the webcast will be archived for 30 days: www.digi-communications.ro

SOURCE: EuropaWire

Digi Communications N.V. 2020 AGM attendaned by shareholders representing 75,77 percent of the total number of shares with voting rights

BUCHAREST, Romania, 30-Apr-2020 — /EPR FINANCIAL NEWS/ —  Digi Communications N.V. (The Company) would like to inform the market and its investors that today, Thursday, 30 April 2020, at 12:00 p.m. CEST, at the offices of Freshfields Bruckhaus Deringer LLP, Strawinskylaan 10, 1077 XZ Amsterdam, the Netherlands, took place the Company’s general shareholders’ meeting (the GSM) with respect to which the Company informed its shareholders and the market through the Convocation notice released on 19 March 2020 (the Convocation Notice).

The GSM was attended – either in person or by representative – by shareholders representing 75,77 % of the total number of shares with voting rights, respectively 71,401,050 shares.

Following the debates, the GSM has adopted the following decisions regarding the points included on the agenda, in accordance with the Convocation Notice:

2. The Annual Report of the Company for 2019 (item 2 from the Convocation Notice):

c. Adoption of the 2019 Annual Accounts;
d. Distribution of dividend – based on the approval, the Company will distribute a gross dividend of 0.65 RON per share, ex-date – 15 May 2020. The GSM has approved to change the record date for the purposes of identifying the shareholders entitled to receive the dividend approved in the AGM, the new record date being 18 May 2020 (the first business day following the ex dividend date, i.e. 15 May 2020).
It is expected that the payment date will be on or around 29 May 2020;
e. Release from liability of the members of Board of Directors.

3. Application of the Remuneration Policy and Remuneration Report for 2019

a. Remuneration Report for 2019
The general meeting approved by an advisory vote the Remuneration Report for 2019 made public on the Company’s website. The Remuneration Report for 2019 is construed according to the provisions of EU Directive 828/2017 as implemented in The Netherlands.
b. Approval of the new Remuneration Policy of the members of the Board of Directors

The general meeting approved the Remuneration Policy of the members of the Board of Directors, as updated in line with the requirements of the provisions of EU Directive 828/2017 as implemented in Dutch law. The new proposed Remuneration Policy is published on the Company website.

4. Appointment of Statutory Auditor – Ernst & Young Accountants, LLP, Netherlands.

5. Designation of the Board of Directors as the competent body to repurchase own Class B Shares.

Designation of the Board of Directors as the competent body to repurchase own Class B Shares – based on this approval, the Board of Directors shall have the authority to acquire class B shares through purchases effected on the stock exchange, for the purposes of being granted to statutory executive directors, managers and employees of the group under the various stock option plans approved or to be approved by the Company, in accordance with the applicable legal provisions, for a period of 12 months from the date of the AGM (i.e., up to and including 30 April 2021).

The authority of the Board of Directors shall be limited to a maximum of up to 10% of the issued class B share capital at the close of trading on the Regulated Spot Market of the Bucharest Stock Exchange on the date of the AGM, 30 April 2020. The maximum purchase price per class B share shall at no times be higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the Regulated Spot Market of the Bucharest Stock Exchange. The purchases will not exceed, on any trading day more than 25 % of the average daily volume of the shares on the Regulated Spot Market of the Bucharest Stock Exchange on which the purchase is carried out.

The Board of Directors intends to appoint an independent specialized trading / brokerage firm to execute any such buy-back.

6. Re-appointment of the members of the Board of Directors

a. Re-appointment of Serghei Bulgac as executive-director of the Board of Directors for a period of 4 years ending on the day of the annual general meeting of shareholders of the Company to be held in 2024.
b. Re-appointment of Valentin Popoviciu as executive-director of the Board of Directors for a period of 4 years ending on the day of the annual general meeting of shareholders of the Company to be held in 2024.
c. Re-appointment of Zoltan Teszari as non-executive-director and president of the Board of Directors for a period of 4 years ending on the day of the annual general meeting of shareholders of the Company to be held in 2024.
d. Re-appointment of Marius Catalin Varzaru as non-executive-director and vice-president of the Board of Directors for a period of 4 years ending on the day of the annual general meeting of shareholders of the Company to be held in 2024.
e. Re-appointment of Bogdan Ciobotaru as non-executive-director of the Board of Directors for a period of 4 years ending on the day of the annual general meeting of shareholders of the Company to be held in 2024.
f. Re-appointment of Piotr Rymaszewskias non-executive-director of the Board of Directors for a period of 4 years ending on the day of the annual general meeting of shareholders of the Company to be held in 2024.
g. Re-appointment of Emil Jugaru as non-executive-director of the Board of Directors for a period of 4 years ending on the day of the annual general meeting of shareholders of the Company to be held in 2024.

7. Approval of award of stock options to executive directors

The Board of Directors is authorized to decide upon the award stock options to acquire class B shares in the capital of the Company to executive directors subject to the criteria of the Company’s Share Option Plan (the details of which can be found on the Company’s corporate website www.digi-communications.ro).

The voting results of the GSM, as well as other relevant information on the GSM and the related documents are available on the Company’s website at the section dedicated to the GSM: http://www.digi-communications.ro/en/general-share-holders.

Digi Communications N.V. also informs shareholders and investors that the approved Annual Financial Report for the year ended December 31, 2019 is available starting 30 April 2020, on the company’s website (www.digi-communications.ro), at section Investor Relations.

SOURCE: EuropaWire

Digi Communications N.V. recommends its shareholders not to attend the AGM 2020 in person due to COVID-19

BUCHAREST, Romania, 14-Apr-2020 — /EuropaWire/ — In light of the public health risks caused by the COVID-19 pandemic and the restrictive measures implemented in the Netherlands and elsewhere concerning the gatherings of people, Digi Communications N.V. (the Company) recommends its shareholders not to attend the annual general meeting of shareholders (the “AGM”) in person. In order to cast their votes:

Class A shareholders: holders of registered class A shares (which for the purposes of the AGM includes holders of rights of usufruct and pledgees with voting rights in respect of those shares) are advised to send the notice of attendance indicating that they will not participate in person to the meeting and instead will grant a proxy either to (i) a third party or to (ii) Mrs. Andra Gunescu and to Mrs. Madalina Elena-Lungu, any of whom may individually and alternatively (and not collectively) execute the given proxy, in which case such proxy must include unequivocal voting instruction(s).

Class B shareholders: holders of class B shares (which for the purposes of the AGM includes holders of rights of usufruct and pledgees with voting rights in respect of those shares) are advised to either (i) send the notice of attendance indicating that they will not participate to the meeting in person or be represented by their own representative and thus grant a power of attorney to Mrs. Andra Gunescu who will be authorized to, on behalf of the relevant holder, with the right of substitution, to attend the AGM, to sign the attendance list, to speak and to cast a vote at that meeting on the voting items on the agenda in accordance with the voting instructions provided by the relevant holder; or (ii) give voting instructions via the Evo-platform of ING Bank N.V. (www.ing.evo-platform.com/digi).

For further details, please refer to the convening notice for the AGM, available on the Company’s website, at https://www.digi-communications.ro/en/see-file/Convocation-Notice-19.03.2020.pdf.The Company acknowledges that constraints caused by the COVID-19 outbreak, particularly the restrictions to the physical presence of shareholders at the AGM and thus to ask questions at the meeting. For this reason, shareholders who wish to submit questions regarding items on the AGM agenda, are encouraged to do so by e-mail to digi.gsm@digi-communications.ro until 12:00 pm CET on Monday, 27 April 2020, (13:00 pm in Romania).

The e-mail must include the name, surname, number of shares held by the shareholder on the record date for the AGM and the AGM agenda item to which the question relates.

SOURCE: EuropaWire

Digi Communications NV releases its Preliminary Financial Results for 2019

BUCHAREST, Romania, 21-Feb-2020 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that Preliminary Financial Results for year ended 31 December 2019 are available on the Company’s website.

For details, please see the Company’s investor relations section at
http://www.digi-communications.ro/en/investor-relations or sub section annual reports at https://www.digi-communications.ro/en/investor-relations/shares/financial-results-presentations/financial-results/annual-reports

SOURCE: EuropaWire

Digi Communications N.V. updated its Financial Reporting Calendar for 2019

BUCHAREST, Romania, 13-May-2019 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) would like to inform the investors and the market with respect to the new date of the Conference Call for the presentation of the Quarterly Financial Report for Q1 2019 which will take place on 16 May 2019.

Following this amendment please see the updated Company’s Financial Reporting Calendar for 2019:

EVENT DATE
Publication of 2018 Preliminary Results 14 February 2019
Conference call for the presentation of the 2018 Preliminary Results 15 February 2019
General Meeting of Shareholders 30 April 2019
Publication of the Financial Annual Report 2018 30 April 2019
Publication of Quarterly Financial Report for the First Quarter, 2019 (“Q1 2019”) ended 31 March 2019 15 May 2019
Conference call for the presentation of the Quarterly Financial Report for Q1 2019 16 May 2019
Publication of Financial Report for the First Half of 2019 (“H1 2019”) ended 30 June 2019 14 August 2019
Conference call for the presentation of H1 2019 Financial Report 14 August 2019
Publication of Quarterly Financial Report for the Third Quarter, 2019 (“Q3 2019”) ended 30 September 2019 14 November 2019
Conference call for the presentation of the Quarterly Financial Report for Q3 2019 14 November 2019

For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

New Services Larry Hurt income Tax Services

Moreno Valley, CA, USA, 2019-Mar-12 — /EPR FINANCIAL NEWS/ — Over 49 years preparing taxes for individuals and small businesses, able to assist individuals in the cryptocurrency business with their tax preparation(s), 16 years as a Notary and 8 years as a Signing Agent.

Experienced Owner with a demonstrated history of working in the consumer services industry. Skilled in Nonprofit Organizations, Budgeting, Business Planning, Microsoft Word, and Coaching. Strong entrepreneurship professional with a Master Degree focused in Human Resources Management/Personnel Administration, General from Golden Gate University.

I also severed 23 years in the US Air Force. For 22 years as an additional duty, I severed as the Unit Non-Commission Officer Tax Representative. My job was to assist military and civilian personnel assigned to the Base, helping or completing their Tax returns and answer tax questions. During tax season, I spent 4 hours on Saturday at the Base Legal Office assisting people with their tax returns. After retiring in 1991, I continued doing taxes and opened my own business.

My tax specialties are Individuals, Small Businesses, S Corporations, Nonprofit Organizations, Tax Planning, Uber, Lyft and CryptoCurrency. Thank you.

To learn more go to https://larrykhurtincometaxservices.nicbuilder 

Via EPR Network
More Financial press releases

Digi Communications NV: legal acts in accordance with law 24/2017 (Article 82) and FSA Regulation no. 5/2018 for December 2018 made publicly available on the Romanian Stock Exchange (“BVB”)

BUCHAREST, Romania, 15-Jan-2019 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that on January 15, 2019, the Report regarding legal acts concluded by DIGI Communications N.V. in December 2018 or in other period and effective in December 2018 in accordance with Romanian Law no. 24/2017 and FSA Regulation no. 5/2018 was made publicly available on the Romanian Stock Exchange (“BVB”) and the Company’s website, while also being available with the Romanian Financial Supervisory Authority (“ASF”) and the Dutch Authority for Financial Markets (“AFM”).

For details regarding the reports, please access the official websites designated of Digi: www.digi-communications.ro (Investor Relations Section).

Digi Communications N.V. will host a conference call for the presentation of the 2018 Preliminary Results on 14 February 2019

BUCHAREST, Romania, 11-Jan-2019 — /EPR FINANCIAL NEWS/ — The Company would like to inform the investors and the market regarding an update to the Company’s Financial Reporting Calendar for 2019, with respect to the date of the Conference Call for the 2018 Preliminary financial results.

For details regarding the reports, please access the official websites designated of Digi: www.digi-communications.ro (Investor Relations Section).

SOURCE: EuropaWire

NexBoom Continues Campaign With Heroes For Humanity

Lou Zant President of NexBoom Universe, http://www.nexboom.com/, a wholly owned subsidiary of NexBoom Universe Group, http://www.nexboomuniverse.vg/, announced today that the continuing arrangement with Heroes For Humanity, http://www.heroesforhumanity.com/, is progressing very well. Originally developed in 2001, Heroes For Humanity is an internet media company that celebrates the hero in the full spectrum of humanity. The organization draws stories from people from all over the world, and in all walks of life. Knowing everyone has something of value to offer others, and that the particular journey of any one person can offer inspiration and encouragement to a variety of other people, Heroes For Humanity seeks stories from the man on the street.

The global effort of Heroes For Humanity is to provide positive and inspirational stories from a broad spectrum of humanity – from well-recognized, higher profile people as well as those as yet unknown. With the perspective that, ”There’s a hero in each and every one of us”, this campaign presents to the general public the opportunity to assist individuals in bringing interesting stories of “Good News” and the empowerment of others to a broad array of people.

The Heroes for Humanity organization presents a variety of thought-provoking stories from many celebrated people. The stories of those well-known as well as lesser-known but inspiring people bring motivation and great encouragement to a wide and diverse audience. With a growing library of more than 400 inspiring interviews available for perusal, Heroes for Humanity presents material that is frequently able to motivate people and catalyze their dreams and intentions into substantial and significant achievements.

With the primary focus of celebrating and creating positive influences for ‘the man on the street’, Laurel Barrett, Founder and CEO, states, “Our mission is to empower people and to inspire leadership throughout the world.” Those who participate in the Heroes For Humanity project are encouraged to go to the Heroes For Humanity website,http://www.heroesforhumanity.com/, to nominate the people who have been positive influences in their own histories, their own lives. It’s a unique opportunity for people to publicly acknowledge their own personal heroes.

NexBoom, in conjunction with Heroes for Humanity, uses various publications and personal development programs to feature those who have created extraordinary achievements in their lives, and who have inspired others through their actions of excellence. It is hoped that this will encourage those people who are associated with this common purpose to contribute to the continuing efforts to bring this program of hope to a larger audience.

Via EPR Network
More Financial press releases

NexBoom Arrangement With My Day 1 Progresses

NexBoom, subsidiary of NexBoom Universe Group, announces advancement with their ongoing arrangement with My Day 1

Lou Zant, President of NexBoom Universe http://www.nexboom.com/ a wholly owned subsidiary of NexBoom Universe Group http://www.nexboomuniverse.vg/, announced today that the continuing arrangement with My Day 1 http://www.myday1.com/ is progressing well. My Day 1 is purpose-driven company, which aims to serve their associates as well as to serve the needs of others. My Day 1 is emerging as a leader on the playing field of cause-related marketing – helping to develop innovative business opportunities for the new breed of citizen consumers.

In the currently shifting economic state of affairs, a home-based business is an excellent option for many people. Whether used as a second source of income to amend one’s basic earnings, or as the basis for a creative personal business and self-directed source of income, the pioneering business structure of My Day 1 aims to fill an emerging group of people. Their business model can help people to save money with the unique, innovative and often exclusively obtainable products they offer. Another exceptional element of the My Day 1 group is in the business structure that enables the My Day 1 Associates to donate a chosen part of their revenue to causes dear to their hearts and minds. The intention of My Day 1 is to provide positive and inspirational business opportunities as well as give participants an opportunity to easily share the wealth with causes they believe in.

With the My Day 1 Linear Pay System, consumers are able to choose from three levels of participation. The general public can simply purchase the available products from an online associate. Or, people can choose from two other levels: Charity Partners, or Preferred Consumers. Charity Partners and Preferred Consumers have the right to purchase all of the products in the unique My Day 1 product line at wholesale prices. The Charity Partner and Preferred Consumer levels also have an opportunity to receive bonuses.

One of the dietary products unique to My Day 1 is Dr. Max’s Raw Superfood Mix. Coming in three flavors and two sizes, it is a high protein, high fiber, vitamin enriched superfood mix that is also grain-free, gluten-free, and plant-based. This product is formulated to fit a variety of lifestyles and dietary philosophies, including Vegan, Organic and Paleo. And because every ingredient is sustainably-green, and cultivated in its most natural state, it is very easy for the body to digest – which helps people to create and maintain a healthy weight, and also provides blood sugar balance throughout the day.

Via EPR Network
More Financial press releases

Continued Progress And Growth For The Co-operative Group

Financial and operational highlights

* Strong performance across the Group, driven by continued investment
* Balance sheet strong and cash position well managed
* Somerfield and Britannia integration processes on track and progressing well
* Root-and-branch overhaul of the business continues with ongoing investment in the brand and transformation of the entire estate
* Food business delivers strong result in tough market conditions

o Sales up 11.5% to £3.9bn
o Underlying trading profit up 12.6% to £169.7m
o Total like-for-like sales down 1%, impacted by disruption of Somerfield integration
o Like-for-like food sales in rebranded and refitted stores up 2.5%
o 2,500 food stores converted to new brand including over 50% of Somerfield stores
o Fairtrade made available to millions more shoppers at Somerfield as part of the range integration programme
o 1 billion less carrier bags given away in stores over past three years

* Financial services business produces strong result

o CFS Operating profit up 34% to £109.3m (£81.4m)
o CFS total deposits up by £1.4bn
o New general insurance policies up 32%
o Like-for-like mortgage applications up 31%
o Total impairments down 41%
o Customer funding ratio strengthened further to 110%
o Core products aligned across Co-operative and Britannia channels

Via EPR Network
More
Financial press releases

RMS Networks (RMS) And World Capital Markets (WCM) Form A New Company For Strategic Advertising, Promotion, Research And Technology

RMS is the leading Internet-based, digital media and marketing agency that develops, manages and delivers the most relevant video advertising segments to millions of consumers daily. RMS has served the nation’s most respected and recognizable brands, including AutoNation, Blockbuster, Subway, Accenture and Advance Auto Parts.

WCM is the premier resource for private companies that want to go public, raise capital, or present themselves more effectively to interested parties

The new company being formed by RMS and WCM will promote effective capital raising techniques through rich advertising, metrics, non-traditional advertising outlets and Internet-based social networks. The name of this new entity will be announced in the near future.

Clients of the new company will gain market visibility designed to secure private investments or to take their company public through an initial public offering or reverse merger by targeting strategic audiences through addressable marketing services and campaigns. RMS President and Founder, Jason M. Kates, said: “The RMS platform offers an extremely powerful tool for these companies, one that is especially timely given the current state of the financial markets. Teaming with WCM will bring the power of digital media and targeted social investing to our clients, thereby enhancing the reach and impact of their marketing and investor relations efforts.”

About RMS Networks Inc.
RMS is the leading internet-based, digital media and marketing agency that develops, manages and delivers the most relevant video advertising segments to millions of consumers daily. Through rVue®, RMS’ proprietary addressable advertising technology, high-traffic venues and consumers can access HD video content, create playlists and dramatically enhance the shopping experience. From its headquarters in Fort Lauderdale, FL., RMS has served the nation’s most respected and recognizable brands including AutoNation, Blockbuster, Subway, Accenture and Advance Auto Parts – all with a simple proposition: Where ROI meets awareness. That’s RMS. Learn more atwww.rmsnetworks.com.

About World Capital Markets, Inc.
WCM is the premier resource for private companies that want to go public, raise capital, or present themselves more effectively to interested parties. WCM’s program combines an ever-expanding Internet social network dedicated to investments, acquisitions, divestitures and financings with world-class support for our clients’ capital-raising programs. WCM’s value-added services include experienced consulting, cutting-edge media technology, expert public relations, legal and audit resources – a comprehensive program unique in the industry. WCM is dedicated to creating a community of people who make key investment decisions and then present our client companies to them in a way that is both compelling and persuasive.

WCM’s Chairman and CEO, Richard J. Sullivan, is an entrepreneurial pioneer. He served as Chairman and CEO of Applied Digital Solutions, where he executed a technology rollup involving 42 acquisitions that succeeded in increasing the company’s share price from $2.50 to a peak of $18 per share. During Sullivan’s decade-long tenure as Chairman and CEO, Applied Digital was one of the highest volume traded stocks on NASDAQ. Sullivan also served as Chairman and CEO of Digital Angel Corporation and led the effort to spin off VeriChip Corporation. In 1970, he was a founding member of the management team of Manufacturing Data Systems, Inc., which listed at $7.50 per share and was sold to Schlumberger N.V. in 1980 at $65 per share.

WCM’s Chairman and CEO, Richard J. Sullivan, commented: “We’re extremely pleased to join forces with RMS. Working together, we’ll be able to accelerate investment and growth opportunities for a wide range of financially solid private and public companies. Our approach builds on the successful growth strategies we have executed in the past. RMS’ innovative digital capabilities and cutting-edge technologies will be of enormous benefit to our clients.”

The new company will have a strategic relationship with Accretive Exit Capital Partners, Boston, MA, and West Palm Beach, Fl., www.Accretiveexit.com, a liquidity producing secondary investment firm, whose investment strategy targets a diversified pool of late-stage growth companies from vintage 1999-2003 buyout funds. The two companies will explore innovative ways to expand the new company in the future.

Regarding the licensing of rVue®, WCM and RMS have signed a definitive agreement to offer the platform on a worldwide, exclusive basis. rVue® is RMS’ proprietary digital content and advertising platform that connects advertising agencies with digital destinations such as digital signage, mobile and web outlets.

Via EPR Network
More Financial press releases

Despite soaring oil prices Emirates Group posts record profits

The Emirates Group has 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.

The Emirates Group net profits increased 54.1% to AED 5.3 billion (US$ 1.45 billion) for the financial year ended 31st March 2008, on revenues of AED 41.2 billion ($ 11.2 billion) compared to the previous year’s AED 31.1 billion ($ 8.5 billion). The Group’s net margin improved to 13.2% from 11.4% in the previous year.

The 2007-08 Annual Report of the Emirates Group – comprising Emirates Airline, Dnata and subsidiary companies – was released in Dubai at a news conference hosted by His Highness Sheikh Ahmed bin Saeed Al-Maktoum, Chairman and Chief Executive, Emirates Airline and Group.

The Group’s latest record performance reflects its success in growing customer demand through the strategic expansion of its business operations across six continents, supported by ongoing investments in the latest technology, products and customer service while keeping a tight rein on costs. This is illustrated by the 21.2 million passengers who flew with Emirates in the latest financial year, 3.7 million more than in the previous year; as well as the expansion of Dnata’s international ground handling operations to 17 airports in seven countries.

Sheikh Ahmed said: “It was another record year for the Group in spite of a challenging business climate, particularly in the second six months where the soaring cost of jet fuel made a big dent, although the impact was partly offset by other operating gains.”

He continued, “Despite the long-term forecast of a decrease in the number of passengers traveling in First and Business class, I am happy to report that Emirates once again bucked the trend and boosted our seat factor in the forward cabins. Emirates is fortunate to be located in Dubai at the centre of the new Silk Road between East and West. I believe the threat of an economic downturn will be offset for Emirates by the boom in the Middle East, especially the thriving travel industry of tourism and commerce.”

Sheikh Ahmed concluded: “The Group’s excellent performance this year is very satisfactory. As with previous years, we do not intend to rest on our laurels. We plan to secure our future growth by investing in the latest technology and products, so that we can continue to provide our customers with the high quality experience that they have come to expect from us.”

Another area of expansion for the group over the past 12 months was the growth of the Emirates Hotels & Resorts from its original Al Maha property into a multi-property hotel operation with International Central Reservations, a Corporate Sales and Business Development unit, global online distribution systems and support services for the design and development of its growing resort portfolio.

In all, the Emirates Group’s Facilities/Projects Management department commissioned and opened AED 2.12 billion ($578 million) worth of new buildings during 2007-08, including the impressive new Emirates Group Headquarters, the Engineering Centre, Dnata Cargo’s Free Zone Logistics Centre, The Harbour Hotel & Residence, and a new crew training college. Projects currently in progress total AED 3.9 billion ($1.1 billion), including new buildings in Dubai such as the Destination & Leisure Management Annexe, Emirates Call Centre and staff accommodation at Ras Al Khor, Al Majan and Media City.

As of 31st March 2008, the Group employed 35,286 staff, representing 145 different nationalities. During the year, the Group hired more than 7,000 people including 2,000 cabin crew and 400 new flight deck crew.

Via EPR Network
More Financial press releases