Feb 14 2012 |
more articles from
|
* Dubai's Emaar Ppties 4Q Net Pft AED716M Vs AED274M Year Ago
Tuesday, Feb 14, 2012
(MORE TO FOLLOW) Dow Jones Newswires
14-02-12 1012GMT
* Dubai's Emaar Ppties 4Q Revs AED2.24Bln Vs AED3.83 Bln
Tuesday, Feb 14, 2012
(MORE TO FOLLOW) Dow Jones Newswires
14-02-12 1012GMT
* Dubai's Emaar Ppties FY Net Pft AED1.79 Bln Vs AED2.45 Bln Yr Ago
Tuesday, Feb 14, 2012
(MORE TO FOLLOW) Dow Jones Newswires
14-02-12 1013GMT
* Dubai's Emaar: FY Hospitality, Leisure Unit Revs Up 22% Vs Year Earlier
Tuesday, Feb 14, 2012
(MORE TO FOLLOW) Dow Jones Newswires
14-02-12 1015GMT
* Dubai's Emaar: FY Revs From Intl Ops Almost Doubles To AED1.81 Bln
Tuesday, Feb 14, 2012
(MORE TO FOLLOW) Dow Jones Newswires
14-02-12 1016GMT
* Dubai Emaar Chmn: Co Wants To Up Share Of Revs From Intl Ops In 2012
Tuesday, Feb 14, 2012
(MORE TO FOLLOW) Dow Jones Newswires
14-02-12 1017GMT
Dubai's Emaar Ppties 4Q Net Pft More Than Doubles On Intl Ops
Tuesday, Feb 14, 2012
DUBAI (Zawya Dow Jones)--Dubai-based Emaar Properties (EMAAR.DFM), the Middle East's largest home builder, said its fourth quarter net profit more-than doubled as income from international operations and revenue from its leisure and hospitality unit swelled.
Emaar , in a statement posted on the Dubai Financial Market website Tuesday, said net profit in the three months to Dec. 31 amounted to 716 million U.A.E. dirhams ($195 million), up sharply from AED274 million a year ago.
The company said that during 2011, revenue from its international operations almost doubled to AED1.81 billion, while income from its hospitality and leisure business grew by 22% over the same period.
Emaar is one of a number of local companies that has over the past couple of years sought to diversify its revenue stream away from a dependence on Dubai. The city-state's once thriving real estate sector has seen prices and rents slump since late 2008 when the global economic downturn first took hold and incoming supply remains substantial even despite numerous project cancellations and delays.
Emaar shares closed 1.4% higher at AED2.98 in a broadly positive overall market.
-By Tim Falconer, Dow Jones Newswires; +9714 446-1690; tim.falconer@dowjones.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
14-02-12 1037GMT
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |


Post Your Comment