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Sunday, 14 May 2017

Dubai's Emaar Properties posts 15 percent jump in first-quarter profit | Reuters

Dubai's Emaar Properties posts 15 percent jump in first-quarter profit | Reuters:

"Dubai's Emaar Properties EMAR.DU, builder of the world's tallest tower, reported a 15 percent rise in first-quarter net profit on Sunday, broadly in line with analysts' expectations. The developer, in which Dubai's government owns a minority stake, made a net profit of 1.384 billion dirhams ($376.9 million) in the three months to March 31, it said in a statement. That compares with a profit of 1.205 billion dirhams in the corresponding period last year, the company said."



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