UAE Business: Emaar records solid Q1 results; profit up 43pc, revenue hits $1.7bn
Leading property developer Emaar has recorded solid results for
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Leading property developer Emaar has recorded solid results for
Emaar Properties has announced robust Q1 2023 financial results attributed to good property sales performance and operational excellence across its businesses.
Emaar has announced robust results for the first quarter with a 43% jump in its net profit over last year and a revenue of AED6.3 billion ($1.7 billion) on the back of increased tourism, retail sales and operational excellence across its businesses.
Emaar Development (DFM: EMAARDEV) recorded robust property sales with a 26% increase to AED 8.603 billion (US$ 2.342 billion) in Q1 2023 compared to AED 6.843 billion (US$ 1.863 billion) in Q1 2022, the company said in a statement today.This performance resulted from Emaar Development’s successful ..
Emaar has announced robust results for the first quarter with a 43% jump in its net profit over last year and a revenue of AED6.3 billion ($1.7 billion) on the back of increased tourism, retail sales and operational excellence across its businesses.