04 May 2015
(MENAFN) Emaar Properties, the Dubai-based builder, recorded a net profit of USD280.4 million in the first quarter of the year, marking an increase by 7 percent year-on-year, Arabian Business reported.
The profit is attributed to the selling of properties worth USD672 million in total, the majority of which is in the firm’s home market, according to a corporate statement.
‘The sustained growth in net profit and revenue is supported by the increase in recurring revenues from the group’s shopping malls, retail and hospitality businesses,’ Emaar said.
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more