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FINANCIAL NEWS
UAE’s Emaar Properties posts USD2.69b revenue in 2014
20 Apr 2015
(MENAFN) UAE-based Emaar Properties, the real estate development company, recorded revenue of USD2.69 billion in 2014, in which its shopping malls, retail and hospitality businesses contributed in USD1.46 billion, Saudi Gazette reported.
The company’s global operations registered a sturdy growth of USD517 million in the fiscal year of 2014, which is equivalent to about 19 percent of the aggregate revenue.
“At Emaar, we are focused on maximizing stakeholder value, and our record net profit in 2014 of USD897 million surpassed our estimates of USD835 million.” The Chairman of Emaar Properties said in a statement.
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