Emaar Malls Q4 profit rises 5.5%
The company made a net profit of Dh435 million in the last quarter of 2015
Dubai: Emaar Malls, a division of Emaar Properties, reported on Sunday a 5.5 per cent increase in net profit.
The company made a net profit of Dh435 million ($118 million) in the three months to December 31, according to a statement posted to the Dubai Financial Market (DFM). This compares to a Dh412 million profit in the same period a year earlier.
Rental income for the period was Dh821 million. No comparative 2014 figure was stated.
For the full-year, Emaar Malls made Dh1.656 billion over the 12 months to December 31, a 22.6 per cent increase on the Dh1.35 billion made in 2014. Rental income for the year was Dh2.992 billion, an 11 per cent improvement on the Dh2.964 billion in 2014.
