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FINANCIAL NEWS
Increase in Emaar profits by 58% in Q2
01 Aug 2016
(MENAFN) A growth of 58% in profits of Emaar the Economic city, in Q2 this year, reaching USD21.5 million compared to USD13.6% in the same period last year.
According to Tadawul, it has reported that decrease in operating losses worth USD6.12 million in Q2 of this year, in contrast with an operating profits of USD16.7 million in the same period last year.
In H1 of this year, incomes reduced to USD12.7 million from USD36.2 in H1 of last year, which is a year on year falling of 64.7%.
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