Emaar Properties ...... tops forcasted profit
Emaar Properties eyes $1bn profit for 2015
DUBAI, April 15, 2015
Dubai's Emaar Properties forecast a 2015 net profit of Dh3.695 billion ($1.01 billion), according to a presentation at the developer's annual shareholder meeting.
This is higher than the Dh3.366 billion average forecast for net profit this year by eight analysts, according to Thomson Reuters Eikon.
Emaar, 29 per cent owned by state fund Investment Corporation of Dubai, posted an annual profit last year of Dh3.29 billion, up from Dh2.57 billion in 2013. - Reuters