Ive been doing a little maths revision myself. And it doesnt add up!!
Profit 2006/7 3.5 billion AED that is 3500,000000 0r 3500 million AED.
Target 3.25 billion AED OR 3250,000000 OR 3250 million AED.
That leaves 250,000000AED OR 250 million AED for profit share!!
It was announced that the target was reached in DEC. That leaves 3 months to generate 250 million AED profit!!
Lets look at EK performance. EK profit announced 3.25 billion AED Profit target over 9 months equates to the company making on avererage 360 million AED profit every month. OR 1080 million AED for 3 months. BUT it must have been very very quiet from DEC to MARCH because the business really slumped to a measly 83 million AED profit per month!!
I dont know about any of you but all my flights were FULL FULL FULL!!
So what happened to the other 830 million AED profit that was probably generated for the 3 months leading to March.
OK OWNERS DIVIDENDS equates to 106 million USD app 390 million AED still leaving 440million AED. Where has this money gone
Divided amongst three or four people me thinks!!
Any way!!
What can you do
Just thought this needed to be posted!!