Emaar's malls unit says Q4 net profit rises 5%

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By Reuters  www.arabianbusiness.com

Dubai’s Emaar Malls Group (EMG), a unit of Emaar Properties, reported a 5 percent rise in fourth-quarter net profit on Wednesday.

EMG made a net profit of 412 million dirhams ($112.2 million) in the three months to Dec. 31, compared with 394 million dirhams in the year-earlier period.

Quarterly revenue was 800 million dirhams, up from 744 million dirhams a year earlier.

EMG made an annual profit of 1.35 billion dirhams in 2014, against 1.10 billion dirhams in 2013. More info