Emaar Malls Group Q3 Net Profit Rises 55%

Dubai’s Emaar Malls Group (EMG), a unit of Emaar Properties that listed on the emirate’s main stock market in October, reported a 55.2 per cent rise in third-quarter net profit on Thursday.

The retail and malls unit of Dubai’s largest developer made a quarterly profit of Dhs321.18 million ($87.5 million), up from Dhs206.97 million in the corresponding period of 2013.

Quarterly revenue was Dhs649.88 million versus Dhs542.74 million a year ago.