Majid Al Futtaim profit up on higher property valuations | The National

Majid Al Futtaim profit up on higher property valuations | The National:

"The Dubai-based conglomerate Majid Al Futtaim (MAF) posted a 28.7 per cent increase in net profit last year thanks in large part to higher valuations for its investment properties.

MAF’s net profit attributable to equity holders rose last year to Dh3.28 billion from Dh2.5bn a year earlier, the company said yesterday.

Earnings before interest, tax, depreciation and amortization (Ebitda) increased 7 per cent to Dh3.8bn last year from Dh3.6bn in 2014. Revenue grew 8 per cent to Dh27.3bn, from Dh25bn a year earlier."



'via Blog this'