Emaar Fourth-Quarter Net Profit Plunges to 274 Million Dirhams - Bloomberg

Emaar Properties, the biggest developer in the United Arab Emirates, said fourth-quarter profit fell to 274 million dirhams from 720 million dirhams in the year-earlier period, according to a company statement to the Dubai bourse today. The mean of six analyst estimates was for a profit of 662.5 million dirhams, according to data compiled by Bloomberg.