Dubai: Dubai’s Emaar Malls Group (EMG), a unit of Emaar Properties, reported a 5 per cent rise in fourth-quarter net profit on Wednesday.
EMG made a net profit of Dh412 million in the three months to December 31, compared with Dh394 million in the year-earlier period.
Quarterly revenue was Dh800 million, up from Dh744 million a year earlier.
EMG made an annual profit of Dh1.35 billion in 2014, against Dh1.10 billion in 2013.
Emaar Properties owns 84.6 per cent of EMG, having floated 15.4 per cent of its subsidiary last September. At the time, the Dh5.8 billion share sale was the Gulf’s largest since 2008.
