Dubai’s Emaar Properties net profit up 16 percent in Q2

03 Aug 2015

(MENAFN) Dubai’s Emaar Properties reported a 16 percent rise in second-quarter net profit on Sunday as other income increased and it received more money in income tax credits.

Builder of the world’s tallest tower made a net profit of USD321.3 million in the three months to June 30, up from USD277.7 million on the prior-year period, Emaar said in a statement.

The developer reported second-quarter revenue of USD947.4 million, increasing from USD909.3 million a year earlier, while cost of revenue rose 11 percent to USD443.7 million.

The firm’s other income swung to a gain of USD39.2 million from a small loss a year ago and it also received income tax credits of USD24.5 million versus USD1.6 million in the second quarter of 2014.

Accounts & Deposits

Accounts

Al Wajaha

BBK Lite

NRI

Debit Cards

Self-service Banking

Foreign Exchange

HSBC Transition

Download Our App

Credit Cards & Financing

Credit Cards

Financing

Download Our App

Insurance & Investments

Insurance

Investment

Download Our App

Ways to Bank

Branches and Self-Service

Contactless Payments

More Ways to Bank

Sign Language

Download Our App

Help

Help & Support

Fraud and security

Download Our App

Cash Management

Accounts

Cash Management

BBK Business App

Bankey App

Lending

Working Capital Finance

Long Term Finance

BBK Business App

Bankey App

Trade Finance

Trade Finance

BBK Business App

Bankey App

Treasury and Investment

Treasury

BBK Business App

Bankey App

Banking & Institutions

Corporate Banking

International Banking

Enterprise Banking

BBK Business App

Bankey App

Help

Help & Support

Fraud and security

BBK Business App

Bankey App

Advance

Download Our App

Premier

Download Our App

Al Wajaha

Download Our App

Privé

Download Our App

Investor Relations

Who We Are

Media Center

Accounts

Al Wajaha

BBK Lite

NRI

Debit Cards

Self-service Banking

Foreign Exchange

HSBC Transition

Credit Cards

Financing

Insurance

Investment