Qatar Airways Group reports US$445m net profit in FY2016
Qatar Airways Group recorded a net profit of QR1.62b (US$445m) for its 2016 fiscal year ended March 31, 2016, more than quadrupling its net profit of QR373m in FY2015. Qatar’s net profit margin for FY2016 was 4.5%, up 3.4 points from the previous year. Qatar’s revenue for the period was QR35.17b, up 3.8% from QR33.87b in FY2015. Operating expenses fell 1.5% year-over-year to QR32.59b, “despite [our] significant growth in operations and an adverse movement in foreign currency exchange,” the airline said. Qatar’s resulting operating profit for FY2016 was QR3.05b, nearly tripling the airline’s QR1.1b operating income in FY2015. The carrier’s operating profit margin for the period was 8.6%, up nearly 6 points from the previous fiscal year. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-07-14/oneworld/qatar-airways-group-reports-us-445m-net-profit-in-fy2016
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Qatar Airways Group reports US$445m net profit in FY2016
Qatar Airways Group recorded a net profit of QR1.62b (US$445m) for its 2016 fiscal year ended March 31, 2016, more than quadrupling its net profit of QR373m in FY2015. Qatar’s net profit margin for FY2016 was 4.5%, up 3.4 points from the previous year. Qatar’s revenue for the period was QR35.17b, up 3.8% from QR33.87b in FY2015. Operating expenses fell 1.5% year-over-year to QR32.59b, “despite [our] significant growth in operations and an adverse movement in foreign currency exchange,” the airline said. Qatar’s resulting operating profit for FY2016 was QR3.05b, nearly tripling the airline’s QR1.1b operating income in FY2015. The carrier’s operating profit margin for the period was 8.6%, up nearly 6 points from the previous fiscal year. <br/>
