news image

Emaar Properties says fourth-quarter net profit up 56%

2017-02-16 10:58:06

* Reuters

Emaar made a net profit of Dh1.61 billion in the three months to December 31. Lee Hoagland / The National
 

Dubai’s Emaar Properties reported a 56 per cent rise in fourth-quarter net profit on Tuesday.

The developer, in which the Dubai Government owns a min­ority stake, made a net profit of Dh1.61 billion in the three months to December 31.

That compares with a profit of Dh1.03bn a year-earlier.

Sico Bahrain and EFG-Hermes forecast that Emaar would make a quarterly profit of Dh1.32bn and Dh1.64bn, respectively.

__________________________________

Earnings reports

ADIB fourth-quarter profit lower on bad debt provisioning

Aldar fourth-quarter profit dips 1 per cent amid ‘softer operating market’

Quarterly profit slips 9% for Amanat Holdings

Arkan Building Materials annual profit declines 25%

Damac Properties’ fourth-quarter net profit rises 1.3%

Drake & Scull’s 2016 net loss narrows to Dh787 million

Du fails to offset royalty payment rise as profit falls

Etisalat profit edges up on growing UAE revenue

Manazel Real Estate profit rises 16% in second half

Marka will continue with cost-cutting after second straight annual loss

Union National Bank’s fourth-quarter profit rises 29%, missing forecasts

__________________________________

 

( courtesy of TheNational )