Dubai's Emaar Properties posts 14 pct rise in second-quarter profit

Dubai's Emaar Properties posts 14 pct rise in second-quarter profit:

"Dubai's Emaar Properties , which is planning a partial listing of its UAE development operation, reported a 14.4 percent increase in second-quarter profit on Monday. Emaar, in which Dubai's government owns a minority stake, made 1.45 billion dirham ($394.8 million) of profit attributable to the owners of the company for the three months to June 30, it said in a bourse filing, on revenue that rose 1.9 percent to 3.79 billion dirhams. The profit, up from 1.27 billion dirhams a year earlier, beat a SICO Bahrain forecast of 1.3 billion dirhams but was short of a 1.52 billion dirham forecast from EFG Hermes."



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