Dubai's Emaar Properties Q4 2016 net profit up 56 pct | Reuters

Dubai's Emaar Properties Q4 2016 net profit up 56 pct | Reuters:

"Dubai's Emaar Properties , builder of the world's tallest tower, reported a 56 percent rise in fourth-quarter net profit on Tuesday. The developer, in which Dubai's government owns a minority stake, made a net profit of 1.61 billion dirhams ($438.4 million) in the three months to Dec. 31, it said in a statement. That compares with a profit of 1.03 billion dirhams in the year-earlier period."



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