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Tuesday, 16 August 2016

Emirates Reit reports 63 per cent fall in second quarter profit | The National

Emirates Reit reports 63 per cent fall in second quarter profit | The National:

"Profits at the UAE’s only quoted real estate investment trust fell in the second quarter of 2016 as capital values for Dubai offices slowed.

Emirates Reit’s profits for the three months to the end of June fell 63 per cent to US$9.4 million, down from the $26m it made during the same period a year earlier.

For the first half of the year profits fell by just over a quarter to $23.7m from $31.1m."



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