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FinancialNews


  • 13-11-17

    Emaar posts nine months net profit of Dh4.35b

    (MENAFN) Emaar Properties announced on Sunday a 20 percent soar in nine-month net profit Dh4.347 billion, adding that sustained demand for its projects is a strong indicator of the investor trust in Dubai.

    Its revenue for the first nine months surged 21 percent to Dh13.452 billion from Dh11.103 billion during the same period last year, the giant developer company said.

    The builder of some of the iconic developments said third-quarter net profit recorded a 32 percent surge to Dh1.51 billion compared to the same 2016 period.

    Revenue for third quarter was Dh5.586 billion, 45 percent higher than the same 2016-quarter revenue of Dh3.846 billion, the company said.

    MENAFN1311201700450000ID1096078553

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