Dubai’s Emaar Malls Q3 net profit rises 16%
DUBAI: Dubai’s Emaar Malls, a unit of Emaar Properties, reported a 16 percent rise in third-quarter net profit yesterday. Net profit of 435 million dirhams ($118.4 million) in the three months to Sept. 30, it said in a bourse statement, compared with a profit of 376 million dirhams in the same period a year earlier. EFG Hermes forecast: 421.8 million dirhams. Quarterly revenue was 774 million dirhams, up 8 percent on a year earlier.