Emaar Development Q2 income climbs 73% as residential projects boost revenues - The National

Emaar Development Q2 income climbs 73% as residential projects boost revenues  - The National:

Emaar Development reported a 73 per cent year-on-year jump in the second quarter net income, beating analysts' forecast, as "strong" demand for its residential projects boosted revenues.

Net profit for the three months ending June 30 rose to Dh997 million, the realty firm said in a statement to the Dubai Financial Market where its shares are traded. The results beat Sico Bahrain's estimate of Dh754m and EFG Hermes' projection of Dh785m, according to a Reuters poll.

Quarterly revenues surged 145 per cent to Dh3.72 billion.