Dubai – Mubasher: Emaar Malls Group (EMG) posted a 5.2% rise in its profits year-on-year during the second quarter of 2017, according to a bourse statement.
Net profits reached AED 482 million ($131.2 million) in Q2-17, compared to AED 458 million ($124.6 million) in Q2-16.
In the first half of 2017, EMG’s profits grew 3% to AED 1.02 billion from AED 987 million in the same period of 2016.
Revenues grew 0.37% to AED 1.62 billion in H1-17 from AED 1.61 billion in H1-16.
Emaar Mall's assets, the Dubai Mall, Dubai Marina Mall, Souk Al Bahar, Gold & Diamond Park, and community shopping centres, welcomed over 65 million visitors during the first six months of the year, an increase of 7% over the same period last year at 61 million.
The Dubai Mall recorded a visitor footfall of 39 million in H1-17.
The company’s stock fell 0.4% to AED 2.48, generating AED 2.15 million from the exchange of 868,940 shares.
