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FINANCIAL NEWS
Emaar Misr logs net profit of USD66.48m in H1
05 Aug 2015
(MENAFN) Emaar Misr for Development announced its financial results for the first half of the current year ending June 30, registering a net profit of USD66.48 million.
Revenues and net profit after tax were USD198.69 million and USD66.48 million, respectively, up from revenue and net profit of USD127.36 million and USD17.32 million, respectively.
This reflects a 283 percent increase in net profits and 56 percent in revenues. Committed net sales increased by 20 percent to USD496.73 million in the first half of 2015.
“I am very pleased with our performance in the half year results,” chairman of Emaar Properties said, attributing it to “strong product uptake and better than expected sales prices.”
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