Net profit attributable to owners of the company for three months to the end of September climbed to Dh4.3 billion ($1.19) billion, the company said in a statement on Thursday to Dubai Financial Market, where its shares are traded.
Revenue for the quarter jumped 41.4 per cent on a yearly basis to Dh13.2 billion.
For the first nine months of this year, Emaar’s profit rose 34 per cent to Dh11.4 billion as revenue grew 39 per cent to Dh33.1 billion. Property sales for the nine-month period climbed 22 per cent to Dh61 billion.
Up to September 30, Emaar’s revenue backlog from property sales stood at Dh150.3 billion, a 49 per cent year-on-year surge.
“Emaar’s performance reflects steady demand for its developments, robust revenue backlog, strong recurring revenue operations a
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