QATAR: Airways Group has announced a QAR 1.6bn ($439m) net profit for its 2016 fiscal year ending March 31, after disclosing its financial results for the first time – @AceFinanceNews

#AceFinanceNews – July.17: Qatar Airways’ strategy pays off: Airline announces $439M net profits for 2016

Qatar Airways Group has announced a QAR 1.6bn ($439m) net profit for its 2016 fiscal year ending March 31, after disclosing its financial results for the first time.

The group said its net profit margin reached 4.5 per cent, up 1.1 per cent on fiscal 2015’s QAR 374m.

The Qatar Airways cargo division’s fleet is scheduled to grow by 22 aircraft by 2017. (File photo)

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