#Dubai's Emaar Properties reports 7.2 percent first quarter profit increase - Reuters

Dubai's Emaar Properties reports 7.2 percent first quarter profit increase - Reuters:

Dubai’s largest listed developer Emaar Properties on Sunday reported a 7.2 percent rise in first-quarter profit helped by a significant jump in sales.

The developer of Dubai’s Burj Khalifa, the world’s tallest tower, said it made 1.74 billion dirhams ($474 million) in the three months to March 31 compared with 1.63 billion dirhams a year earlier.

Revenue rose to 5.89 billion dirhams, according to a bourse statement. It reported revenue of 5.59 billion dirhams for the first quarter of 2018.