Emirates declares USD424 million dividend

Emirates announced plans to declare a USD424 million dividend to its parent, Investment Corporation of Dubai, a wholly owned subsidiary of the Dubai Government (Gulf News, 20-May-2010). Emirates reported a USD970.5 million operating profit for the 12 months ended 31-Mar-2010 (+56.5% year-on-year) and a USD963.2 million net profit for the period (+415.7% year-on-year).