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FINANCIAL NEWS
Dubai’s Emaar profit grows by 12 percent in H1
01 Aug 2016
(MENAFN) Emaar Properties posted a 12 percent increase in net profit to USD0.67bn in the Jan-June period of this year, compared to USD0.60bn recorded in 2015.
Moreover, the developer reported 8 percent increase in net profit to USD0.34bn, compared to USD0.32bn profit in the year earlier period.
Accordingly, it also reported its half year revenue of USD1.97bn marked an 11 percent growth of last year’s first half revenue of USD1.7bn.
In addition, revenues from Emaar’s global operations, accounting for 14 percent of the revenue stood at USD0.28bn in the cited half.
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