ID:
1557078610340203900
Sun, 2019-05-05 20:48
LONDON: Emaar Properties, the developer of the world’s tallest tower, on Sunday reported a rise in profits as sales grew by more than 50 percent despite a tough real estate market.
The Dubai-listed company said it made 1.742 billion dirhams ($474 million) in the first quarter, compared with 1.625 billion dirhams a year earlier, marking a 7.2 percent rise.
Revenue rose to 5.894 billion dirhams, compared to 5.59 billion for the first quarter of 2018, while property sales jumped 53 percent to 5.98 billion.
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