Monday 8 February 2016

Rise in profit for Dubai’s Emaar Malls less than expected | The National

Rise in profit for Dubai’s Emaar Malls less than expected | The National:

"The tills may still be ringing and the droves of tourists still arriving, but Dubai’s retail juggernaut showed signs of slowing slightly yesterday as fourth-quarter profit at the emirate’s largest shopping centre owner missed analysts’ expectations.

Profit for the quarter ended December at Emaar Malls Group, which owns Dubai’s largest shopping centre, The Dubai Mall, stood at Dh435 million, up 5.5 per cent compared with a year earlier.

Although the profit was up, it was still lower than analysts’ forecasts, missing Bloomberg’s consensus of Dh455m."



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