Emaar Properties, builder of the world's tallest tower, said its quarterly profit more than doubled on Sunday as a one-off impairment cost was not repeated and income from malls and hotels grew.
Dubai's largest developer, which saw profits rise for the third straight quarter, has shifted its focus in recent years away from the emirate's battered property market and toward its more profitable retail and hospitality business.
But the company's chairman predicted a rebound in the property sector in the emirate, where it also owns what is billed as the world's largest shopping mall.
No comments:
Post a Comment