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FINANCIAL NEWS
Dubai’s Emaar net profit up 28.3 percent in 2014
16 Feb 2015
(MENAFN) Dubai’s Emaar Properties registered a net profit increase in 2014 due to sturdy performance and solid revenues from its shopping malls, The Peninsula Qatar reported.
The Dubai-based developer logged a USD234 million net profit in the fourth quarter of 2014, an increase of 14 percent over the USD206 million registered a year earlier.
Net profit also surged by 28.3 percent to USD897 million in 2014, a rise from USD699 million in 2013.
‘2014 was a robust year for Emaar as we recorded positive growth across each of our three core businesses – property, shopping malls and hospitality – as well as in our international markets,’ chairman said in a statement.
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