Property News · February 14, 2017

Emaar Properties fourth-quarter net profit up 56%


Dubai’s Emaar Properties reported a 56 per cent rise in fourth-quarter net profit on Tuesday.The developer, in which Dubai’s government owns a minority stake, made a net profit of Dh1.61 billion in the three months to December 31.That compares with a profit of Dh1.03bn in the year-earlier period.Sico Bahrain and EFG Hermes forecast that Emaar would make a quarterly profit of Dh1.32bn and Dh1.64bn, respectively.__________________________________Earnings reports<div class=”embedObjects”><img src=”http://www.thenational.ae/assets/otherimages/bz15-embed.jpg” alt=”embed” width=”475″ height=”267″>Dana Smillie for The National</div>■ Aldar fourth-quarter profit dips 1 per cent amid ‘softer operating market’■ Quarterly profit slips 9% for Amanat Holdings■ Damac Properties’ fourth-quarter net profit rises 1.3%■ Drake & Scull’s 2016 net loss narrows to Dh787 million■ Union National Bank’s fourth-quarter profit rises 29%, missing forecasts__________________________________* Reutersbusiness@thenational.aeFollow The National’s Business section on Twitter

Source : thenational.ae
Read more…Emaar Properties fourth-quarter net profit up 56%

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