Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai property giant Emaar posts 21 surge in profits  Join our daily free Newsletter

MENAFN - AFP - 17/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - AFP) Dubai-based Emaar Properties said on Monday it posted a 21-percent surge in annual profits in 2013, reaching 699 million on the back of strong performances in the retail and hospitality sectors. Net profit in the fourth quarter surged by a whopping 48 percent to 206 million, compared to 139 million in the corresponding period of 2012.Annual net profit hit 2.568 billion dirhams (699 million), compared to 2.119 billion dirhams(577 million) in 2012, said the property giant whch built the world's tallest tower, Burj Khalifa.

"This strong performance was underlined by recurring revenues from the company's shopping malls and retail, and hospitality and leisure business units," Emaar said in statement.Those sectors together contributed 1.307 billion, or 46 percent of total revenues. This was an increase of 17 percent, compared to 2012.The Dubai Mall, a major tourist attraction, drew more than 75 million visitors, 15 percent up from the previous year.

 


AFP




  MENA News Headlines
 Aug 30 2016 -  Several dead, injured as blast hits near China Embassy in KyrgyzstanJordan News Agency
(MENAFN - Jordan News Agency) Amman, Aug. 30 (Petra) -- Several people have been killed and wounded in a powerful explosion that rocked the Chinese Embassy in Kyrgyzstan's capital, Bishkek, Russian ...

 Aug 30 2016 - 3 Iraqis killed in bomb explosionJordan News Agency
(MENAFN - Jordan News Agency) Baghdad, Aug. 30 (Petra) -- A blast ripped through a popular market northwest of the Iraqi capital Baghdad, killing 3 people and wounding12 others, according to a ...

 Aug 30 2016 - Jordan's exports to North American countries reach JD496 million in 6 monthsJordan News Agency
(MENAFN - Jordan News Agency) Amman, Aug. 30 (Petra)--Jordan's exports to countries of North America stood at JD496 in the first half of 2016, compared to JD489 million in the same period of last ...

 Aug 30 2016 - Israeli forces demolish Palestinian homes in West BankJordan News Agency
(MENAFN - Jordan News Agency) Ramallah, Aug. 30 (Petra)--Israeli bulldozers Tuesday demolished a Palestinian home in Sur Baher village south east occupied Jerusalem under the pretext that it was ...

 Aug 30 2016 - Jordan- Normal summer weather forecast TuesdayJordan News Agency
(MENAFN - Jordan News Agency) Amman, Aug. 30 (Petra) -- Normal summer conditions are forecast to prevail Tuesday in the hilly areas, while it will be hot in other parts of the Kingdom. According to ...

 Aug 30 2016 - Jordan- FBI arrests man plans to attack police, burn mosque, has stockpile of weaponsJordan News Agency
(MENAFN - Jordan News Agency) Washington, Aug.30 (Petra) -- The FBI late Saturday arrested a man in Boston, who threatened to kill Muslims, plant bombs in police stations, and attack a mosque. The ...

 Aug 30 2016 - Terrorist Attack Kills 18 People Near Karbala in IraqMorocco World News
(MENAFN - Morocco World News) Five attackers armed with suicide vests, rifles and grenades have killed 18 people and wounded dozens more in the Iraqi town of Ain al-Tamer, southwest of Baghdad, local ...

 Aug 30 2016 - Morocco's Migration Policy in Line with Its Values: MinisterMorocco World News
(MENAFN - Morocco World News) Morocco has made the irreversible choice of a migration policy that is in line with its fundamentals, Moroccan minister in charge of Moroccans living abroad and ...

 Aug 30 2016 - UAE- Arab coalition will rid Yemen of terror: paperEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 30th August, 2016 (WAM) -- A UAE newspaper has said that over 70 lives have been lost at an army recruitment camp in Yemen in a suicide attack ...

 Aug 30 2016 - Bahraini King meets Arab League Secretary-GeneralEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) MANAMA, 30th August, 2016 (WAM) -- His Majesty King Hamad bin Isa Al-Khalifa of Bahrain met yesterday with Ahmed Aboul-Gheit, Arab League Secretary-General. ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help