“We expect the group to return to profitability in 2022-23″ – Sheikh Ahmed bin Saeed, Emirates Group chairman
The group reduced the strength of its total workforce by nearly a third to 75,145 employees
The carrier reported total annual revenue of Dhs2.8bn ($773m) for 2020
The company reported revenues of Dhs144m for the year ended December 31, 2020, 71 per cent lower than Dhs491m in 2019
The decline was attributed to a substantial increase in impairment provisions and lower operating profit
SABIC generated second-quarter sales of SAR24.62bn, down 29 per cent from the previous year
Renault shares have fallen 47 per cent this year