Emaar Malls’ third-quarter net profit surges 86% on higher revenue – The National

Emaar Malls’ third-quarter net profit surges 86% on higher revenue – The National

Emaar Malls, a unit of Dubai’s biggest listed developer, Emaar Properties, reported an 86 per cent increase in third-quarter net profit owing to higher revenue as Dubai's retail sector continued to benefit from an improving economy.

Net profit for the three months to the end of September rose to Dh448 million ($122m), the company said in a statement to the Dubai Financial Market, where its shares are traded.

Third-quarter revenue increased by 36 per cent to Dh1.14 billion.