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FINANCIAL NEWS
Majid Al Futtaim net profit reaches 29 percent
29 Mar 2016
(MENAFN) Majid Al Futtaim, the leading shop mall and retail in the Middle East recorded a net profit by more than 29 percent or USD 0.89bn.
Moreover, the whole group income increased 8 percent year-on-year to USD 7.43bn for 2015, while earnings before interest, taxes grew 7 percent.
Additionally, the shop mall emphasized the successful opening of the new Mall of the Emirates 36,000 sqm expansion, and the completion of City Centre Muscat.
On the other hand, VOX Cinemas was the fastest growing cinema chain, adding 58 new screens in the area, while 11 new supermarkets and five stores were added.
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