Emaar Properties says fourth-quarter net profit up 56%
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.
( courtesy of TheNational )