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FINANCIAL NEWS
Emaar Malls Dubai records 3.9pct increase in Q4
01 Feb 2017
(MENAFN) Dubai’s Emaar Malls, a unit of Emaar Properties, posted a 3.9 percent increase in Q4 net income.
Moreover, net profit of the firm reached USD123mn in the cited period, compared with a profit of 435mn dirhams in the same period a year earlier.
Additionally, for the whole year Emaar Malls posted a net profit of 1.87bn dirhams, against 1.66bn dirhams in 2015.
Meanwhile, Emaar Properties owns almost 85 percent of Emaar Malls, having floated the remainder in 2014.
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MENAFN0102201700450000ID1095229258
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