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Emaar profits fall 3% in the third quarter
- United Arab Emirates: Monday, October 20 - 2008 at 13:41
Emaar Properties declared a 3% fall in its net profit during the third quarter 2008. The developer's net income dropped to Dhs1.51bn ($411.1m), or Dhs0.25 per share, in the three months ending September 30 compared with Dhs1.56bn, Dhs0.26 per share, last year. Revenue fell by 5%, to Dhs4.319, compared with the third quarter of last year.
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Darine Wehbi, Editor - ArabicMonday, October 20 - 2008 at 13:41 UAE local time (GMT+4)
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This article was updated on Wed Oct 29 2008.
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