Emaar Properties reports 1% rise in profits as income improves – The National

Emaar Properties reports 1% rise in profits as income improves – The National

Emaar Properties reports 1% rise in profits as income improves. The company's net profit for the full-year climbed to Dh6.2 billion. Emaar Properties, Dubai's largest listed developer by market capitalisation, reported a 1 per cent increase in its full-year 2019 profit as income rose and expenses dropped.. Net profit for the period ending December 31 climbed to Dh6.2 billion, the company said in a statement to Dubai Financial Market, where its shares trade.. Revenue slid 4 per_cent to Dh24.59bn.. In 2019, Emaar Development recorded a net profit of Dh2.7bn and revenue of Dh12.75bn.. Emaar Development, last year also launched 22 new projects across various master-planned communities in Dubai and has sold 70 per cent of the units it launched.. The company also introduced 3 new master-planned communities in 2019.. Emaar's international property development operations recorded 43 per_cent increase in revenue to Dh4.39bn in 2019, driven by its operations in Egypt and India..