Emaar Malls posts AED345m net profit in first half of 2020

  • Date: 12-Aug-2020
  • Source: Emirates Business
  • Sector:Financial Markets
  • Country:UAE
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Emaar Malls posts AED345m net profit in first half of 2020

Dubai / Emirates BusinessEmaar Malls, the developer of premium shopping malls and retails assets including The Dubai Mall, majority-owned by Emaar Properties, reports revenue of AED1.657 billion in the first half of 2020 (January to June). With a first-half net profit of AED345 million, the result demonstrates the resilience of the business. Commenting on the results of the first half of 2020, chairman of Emaar and board member of Emaar Malls, Mohamed Alabbar said: “I firmly believe that Emaar Malls' results showed strength and resilience in the face of the challenges presented to us by the pandemic. Our continuous innovation, diversification of our portfolio and investment in digital to bring our destinations to life in new channels added further strength to our results. By driving The Dubai Mall into new