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FINANCIAL NEWS
Emaar profits decline 7% in Q3
28 Oct 2010
(MENAFN) Dubai developer Emaar Properties, builder of the world’s tallest tower, said that its third-quarter net profit fell 7 per cent hurt by higher revenue costs, missing average analysts forecasts, Gulf News reported.
Net profit in the three months to September 30 fell to $166.7 million, the developer said in a statement to Dubai’s bourse, down from $179 million in the third quarter of 2009.
Emaar said revenue for the quarter stood at $760 million, up 43 percent over the $530 million it reported in the year-ago period.
However, cost of revenues, the amount spent on manufacturing and delivering its product, more-than-doubled in the quarter to $478 million from $233 million in the previous year, hurting profits.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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