Emaar profits edge down 1% in Q4

Dubai-Mubasher: Emaar Properties interim financial results for the fourth quarter of 2015 have reflected net profits of AED 1.034 billion ($281 million), down 1% y-o-y.

The firm saw net profits of AED 1.045 billion ($284 million) for the similar period of the previous year.

As for 2015, the pioneer UAE real estate developer, posted net profits of AED 4.08 billion ($1.11 billion) up 11% from AED 3.66 billion ($966 million) a year earlier.

Mubasher Contribution Time: 10-Feb-2016 12:49 (GMT)