Dubai's Emaar Malls Q3 net profit rises 17 pct


By by Tom Arnold; editing by David Clarke

Oct 28 Dubai’s Emaar Malls, a unit of Emaar Properties, reported a 17 percent rise in third-quarter net profit on Wednesday.

2Emaar Malls made a net profit of 376 million dirhams ($102.4 million) in the three months to Sept. 30, the company said in a statement. That compares with a profit of 321 million dirhams in the same period a year earlier.

Quarterly revenue was 728 million dirhams, 12 percent higher than the same period a year ago.

EFG Hermes forecast the company to make a quarterly net profit of 387.7 million dirhams.