Emaar Properties 2015 net profit up 11% | GulfNews.com

Emaar Properties 2015 net profit up 11% | GulfNews.com:

"Emaar Properties said on Wednesday its net profit for 2015 rose 11 per cent driven by revenues even as the company expects to build on growth in 2016.

Net profit for 2015 rose to Dh4.08 billion from Dh3.66 billion, and revenues rose to Dh13.66 billion from Dh10.3 billion. For the fourth quarter, net profit was almost flat at Dh1.03 billion.

Mohammad Al Abbar, Chairman of Emaar Properties, said in a statement that the positive growth is underpinned by Emaar’s strategy of creating long-term value for its stakeholders by developing premium real estate assets and strengthening its shopping malls & hospitality businesses which provide a recurring revenue stream that supports the company’s sustainable growth plan."



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