Mall operator Majid Al Futtaim (MAF) reported a 17-percent rise in half-year operating profit on Monday as te nant re venues i n Bahrain and Egypt, dampened by Arab Spring unrest, rose, boosting the Dubai-based firm's income.
Unlisted MAF, the franchisee for Carrefour hypermarkets in 19 countries and operator of 11 malls across the Middle East and North Africa, said its operating profit was 1.5 billion dirhams ($408.39 million) for the six months to June 30. This compares with operating profit of 1.29 billion dirhams in the year-earlier period.
Revenue rose 15 percent to 10.75 billion dirhams.
No comments:
Post a Comment