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FINANCIAL NEWS
UAE’s Emaar posts USD1.421 b revenues in H1
30 Jul 2013
(MENAFN) Revenues for Emaar Properties PJSC rose by 33 percent to USD1.421 billion in the first half 2013, compared to USD1.068 billion last year, reported Saudi Gazette.
Chairman of Emaar Properties, Mohamed Alabbar, was proud to announce USD335 million net profit, adding: “Our significant growth in the first half of the year is a strong reflection of the positive environment that our home market of Dubai offers by serving as a global business and leisure hub”.
Revenues growth was mainly attributed to the hospitality, leisure and shopping malls, and retail businesses sectors, which comprised 45 percent of the total revenues.
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