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FINANCIAL NEWS
Dubai-Emaar net profit grows by 17 percent in Q1
02 May 2016
(MENAFN) Dubai- Emaar proclaimed that its net profit grew by 17 percent to USD 328mn in Q1 of 2016, led by “significant progress” in construction.
Furthermore, revenues of the group also increased by 17 percent to reach USD 961mn, while revenues from malls and hospitality businesses touched 44 percent.
However, the firm’s net profit declined in the last quarter of 2015 by 1 percent to USD 281.7mn, while its full year profit jumped 11 percent to USD 1.11bn.
The firm proclaimed plans to build a viewing tower, that will be “a notch” taller than Burj Khalifa and cost almost USD 1bn.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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