Dubai – Mubasher: Emaar Malls reported on Tuesday a rise of 4% in the company’s profits for the fiscal year 2016 to AED 452 million ($123 million), compared to AED 435 million ($118 million) for Q4-15.
Net profit for the fiscal year 2016 increased 13% to AED 1.874 billion from AED 1.656 billion for fiscal 2015, according to a bourse filing.
Revenues grew in fiscal 2016 by 8% to AED 835 million from AED 774 million for fiscal 2015.
