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