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Emaar Malls first half net profit rises 8%

Revenues for the first six months in the year rose 29 per cent to Dh2.103b

Gulf News

Dubai: Emaar Malls, the shopping malls and retail unit of Emaar Properties, said on Sunday its net profit rose 8 per cent in the first half of the year to Dh1.102 billion from Dh1.021.

Revenues for the first six months in the year rose 29 per cent to Dh2.103 billion. Net profit for the second quarter rose 15 per cent to Dh554 million. Revenues rose 35 per cent in the three months to June to Dh1.065 billion.

Earlier this year, Emaar Malls distributed a cash dividend of Dh1.301 billion, equivalent to 10 per cent of share capital, to shareholders for the third consecutive year.

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