Browse related articlesAmlak 31% increase in H1 profit
United Arab Emirates: Wednesday, July 04 - 2007 at 15:48
Amlak Finance has turned around a first quarter decline in profit to post earnings of $28.9m for H1 2007, representing a 31% increase over the $22m earned in the same period last year, according to preliminary figures. Revenues surged 54% to $76.3m. The Islamic mortgage lender's earnings dropped by 34% in Q1 2007, as higher costs and project delays hit revenues. Amlak, 45% owned by Emaar Properties, is listed on the Dubai Financial Market.
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James McInerney, News EditorWednesday, July 04 - 2007 at 15:48 UAE local time (GMT+4)
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