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Emaar Properties reports 5.6% increase in Q3 profit on revenue boost

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The National
“Emaar Properties reports 5.6% increase in Q3 profit on revenue boost”

Dubai developer Emaar Properties reported a 5.6 per cent annual increase in its third quarter profit, with revenue backlog and sales from new project launches supporting earnings, despite Iran war-driven uncertainty. Net profit attributable to owners of the company for three months to the end of September climbed to Dh4.6 billion ($1.25 billion), the company said in a filing on Thursday to Dubai Financial Market, where its shares are traded. Revenue rose nearly 3 per cent on annual basis to…

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