Dubai’s Emaar Malls Q3 net profit rises 16%

Kuwait Times - - BUSINESS -

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.

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