Dubai – Mubasher: Emaar Malls Group (EMG) posted a 2% year-on-year increase in its profits in the first quarter of 2017, according to a bourse statement.
Net profits reached AED 539 million ($146.72 million) in Q1-17, compared to AED 529 million ($144 million) in Q1-16.
Lease revenues grew 0.36% to AED 836 million in Q1-17, compared to AED 833 million in Q1-16.
The company’s stock rose 0.8% to AED 2.53, generating AED 3.57 million from the exchange of 1.41 million shares.
