12 Updates
Emaar posts record profit in January-September 2013
Photo Credit: , Getty Images

Emaar posts record profit in January-September 2013

Oct 24 2013, 9:22am CDT | by IANS

Dubai, Oct 24 (IANS/WAM) Led by the positive performance of its real estate, shopping malls, retail, hospitality and leisure businesses, the United Arab Emirates' (UAE) real estate giant Emaar Properties recorded a net profit of 1.812 billion dirhams ($493 million) in the first nine months 2013.

Dubai, Oct 24 (IANS/WAM) Led by the positive performance of its real estate, shopping malls, retail, hospitality and leisure businesses, the United Arab Emirates' (UAE) real estate giant Emaar...

Filed under: news

YouTube Videos Tweets

 
 
 

39 weeks ago

Emaar posts record profit in January-September 2013

Oct 24 2013, 9:22am CDT | by IANS

Dubai, Oct 24 (IANS/WAM) Led by the positive performance of its real estate, shopping malls, retail, hospitality and leisure businesses, the United Arab Emirates' (UAE) real estate giant Emaar Properties recorded a net profit of 1.812 billion dirhams ($493 million) in the first nine months 2013.

Dubai, Oct 24 (IANS/WAM) Led by the positive performance of its real estate, shopping malls, retail, hospitality and leisure businesses, the United Arab Emirates' (UAE) real estate giant Emaar Properties recorded a net profit of 1.812 billion dirhams ($493 million) in the first nine months 2013.

This is 13 percent higher than the net profit of 1.607 billion dirhams ($438 million) recorded during the same period last year.

The revenue for the first nine months of 2013 was 7.566 billion dirhams($2.060 billion), 36 percent higher than the revenue of 5.560 billion dirhams ($1.514 billion) during the same period in 2012.

The net profit for the third quarter (July to September) of 2013 was 581 million dirhams ($158 million), 50 percent higher than the third quarter 2012 net profit of 387 million dirhams ($105 million).

Revenue for the third quarter 2013 was 2.347 billion dirhams ($639 million), which is 43 percent more than the third-quarter 2012 revenue of 1.639 billion dirhams ($446 million).

Emaar continued to strengthen recurring revenues from its shopping malls and retail and hospitality and leisure businesses, which together contributed 3.356 billion dirhams ($914 million), or 44 percent of the total revenue in the first nine months of 2013.

The international operations of Emaar contributed 770 million dirhams($210 million), 10 percent of the total revenue during the same period.

Driving the success of Emaar in the shopping mall and retail business, its flagship mall asset, Dubai Mall recorded a visitor footfall of more than 55 million during the first nine months of 2013, an increase of 24 percent compared to the 44.5 million visitors hosted by the mall during the same period last year.

"Emaar's strong performance across all its core businesses is a testament to the positive growth recorded by Dubai," Mohamed Alabbar, chairman of Emaar Properties, said.

"Our new developments, in real estate, malls, and hospitality, underline our strategic approach to supporting Dubai's all-round growth," he added.

--IANS/WAM

ab/dg

IANS

Source: IANS

 
Update
12

Tweets

 
 
Update
11

1 day ago

UAE's TAQA pulls out of $1.6 billion India power deal

Jul 24 2014 2:04am CDT | Source: Reuters India

Mahmoud Abbas receives Mohammed Abu Khdeir's family
ABU DHABI (Reuters) - Abu Dhabi National Energy Co (TAQA) is pulling out of a $1.6 billion deal to buy two Indian hydroelectric power plants because of "a change in strategy", a senior TAQA official told Re ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
10

1 day ago

UAE's TAQA pulls out of $1.6 billion India power deal

Jul 24 2014 2:01am CDT | Source: Business Standard

Mahmoud Abbas receives Mohammed Abu Khdeir's family
Abu Dhabi National Energy Co (TAQA) is pulling out of a $1.6 billion deal to buy two Indian hydroelectric power plants because of "a change in strategy", a senior TAQA official tol ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
9

2 days ago

Emirates, Etihad to resume flight operations at Peshawar airport

Jul 23 2014 6:42am CDT | Source: The Nation - Pakistan

Etihad Airways Debuts The Residence by Etihad
Peshawar- Emirates and Etihad Airlines announced that they would resume flight operations at Bacha Khan Airport in Peshawar, after the deadly attack on PIA aircraft last month. These airlines had suspended flight operations in the wake of an attack on PIA 756 flight on June 25, which left a woman passenger dead and other two crew members i ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
8

3 days ago

Elbow surgery blow for Australia's Marsh

Jul 22 2014 2:00pm CDT | Source: The Nation - Pakistan

Shaun Marsh - Portrait Session
SYDNEY:-Australian Test batsman Shaun Marsh faces four months out of action after a specialist on Tuesday recommended surgery for a persistent elbow injury. The left-hander is expected to go under the knife next week which rules him out of the upcoming tours of Zimbabwe and the United Arab Emirates, where Australia face Pakistan on neutral turf. But he should be back for the opening match of the ... ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
6

1 week ago

Blues blitz downs sorry Kangaroos

Jul 18 2014 7:52am CDT | Source: Herald Sun

Bullfighting in United Arab Emirates
LACHIE Henderson kicks six goals and Jarrad Waite stars as Carlton run hot against a cold North Mel ...
Source: Herald Sun   Full article at: Herald Sun
 

 
Update
5

1 week ago

Exclusive Speaker Interview with John Samir Naguib, Strategy and Technology Planning Consultant

Jul 13 2014 3:45pm CDT | Source: Africa Business

In the lead up to the 3rd annual MVNOs Industry Summit Middle East, taking place 22-23 September 2014, Dubai, UAE, we spoke to several industry experts, who will also speak at the event. Please read below the interview with John Samir Naguib, Strategy and Technology Planning Consultant What ...
Source: Africa Business   Full article at: Africa Business
 

 
Update
4

1 week ago

Etihad to expand ops in India with daily flights to Kolkata

Jul 13 2014 2:40am CDT | Source: Business Standard

Bullfighting in United Arab Emirates
Etihad Airways, UAE's flag carrier, has announced expansion of its first flight operations to northeast India with the launch of a daily service between Abu ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
3

2 weeks ago

Uganda: Emirates - Ugandan Journalist Sacked Over Critical Book

Jul 11 2014 12:14am CDT | Source: AllAfrica.com

Press Meeting - "The Netherlands"
[Observer]A Ugandan journalist working in the United Arab Emirates was recently sacked and deported, after he wrote a book on mistreatment of labourers f ...
Source: AllAfrica.com   Full article at: AllAfrica.com
 

 
Update
2

2 weeks ago

Zain launches state of the art, one-click Visual Voicemail with Tecnotree solution

Jul 10 2014 2:46am CDT | Source: Africa Business

20th Commonwealth Games - Day 1: Rhythmic Gymnastics
Intuitive user interfaces and high functionality give end users the ability to easily access and personalise their voicemail accounts and greetings. Dubai, United Arab Emirates – Zain Kuwait, in partnership with Tecnotree, has announced the launch of a new, single-click access Visual Voicemail system, available to customers through their existing handsets. Visual Voicemail provides ...
Source: Africa Business   Full article at: Africa Business
 

 
Update
1

2 weeks ago

Treasury Dept. sanctions 3 companies for aiding Syrian government

Jul 9 2014 10:17am CDT | Source: Canadian Business Online

WASHINGTON – The Treasury Department is sanctioning three companies suspected of aiding the Syrian government, which is fighting opposition forces in a civil war that has killed more than 160,000 people. The Treasury Department on Wednesday designated Pangates International Corp., a petroleum company based in the United Arab Emirates, for supplying materials to the Syrian government and the Syrian state oil company. Also sanctioned were Expert Partners and Megatrade, two Syrian-based companies s ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

UN body concerned about impact of Gaza violence on women
United Nations, July 26 (IANS) The United Nations Population Fund (UNFPA) Friday expressed its deep concern about the impact of the ongoing Gaza conflict on women's health and access to safe births.
 
 
DG: No survivor in Algerian plane crash, probe launched (Roundup)
Algiers/Paris, July 25 (IANS) Algeria Friday declared a three-day national morning for the victims of the Air Algerie flight AH 5017 that crashed over Mali the previous day with no survivor yet found from the plane wreckage, media reports said.
 
 
Earth missed solar catastrophe just a year back: NASA
Washington, July 25 (IANS) Just a year ago, on July 23, the Earth missed being hit by a giant solar flare from the most powerful storm on the sun in over 150 years, NASA has said in a sensational revelation.
 
 
McDonald's Japan withdraws chicken products of Chinese origin
Tokyo, July 25 (IANS/EFE) The Japanese subsidiary of McDonald's Friday announced the withdrawal of all its chicken products sourced from China, following the expired meat scandal that led to the closure of Chinese meat processing firm Husi.
 
 
 

Latest from the Network

Paris Jackson asked to reconnect with family
Los Angeles, July 26 (IANS) Late pop star Michael Jackson's daughter Paris, who has returned here from her boarding school in Utah, has been advised to reconnect with her family. After she made an attempt to take her...
Read more on Celebrity Balla
 
UN body concerned about impact of Gaza violence on women
United Nations, July 26 (IANS) The United Nations Population Fund (UNFPA) Friday expressed its deep concern about the impact of the ongoing Gaza conflict on women's health and access to safe births. "Reports of the...
Read more on Politics Balla
 
Kate Upton always wanted curvy figure
Kate Upton has always wanted a curvaceous figure. The 'Other Woman' star, 22, admits she ''begged'' for a shapely body when she first started modeling and was overjoyed when people started praising her sexy shape....
Read more on Celebrity Balla
 
Jenny McCarthy's son reported her to police
Jenny McCarthy's son called the police on her. The former Playboy model admits Evan, 12 - whom she has with ex-husband John Asher - once reported her for texting on her phone whilst she was driving. Speaking on Sirius...
Read more on Celebrity Balla
 
Jennifer Lopez 'danced all night' at 45th birthday bash
Jennifer Lopez ''danced all night long'' at her 45th birthday bash in the Hamptons last night (07.24.14). The 'I Luh Ya Papi' hitmaker spent the duration of her party on the dance floor at Nammos, a Mediterranean...
Read more on Celebrity Balla
 
Scott Disick won't drink alcohol until after birth
Scott Disick reportedly won't drink alcohol until after the birth of his third child later this year. The 31-year-old reality TV star - the long-time partner of Kourtney Kardashian - is determined to stay sober after...
Read more on Celebrity Balla
 
Love the idea of lots of kids: Radcliffe
New York, July 26 (IANS) If Daniel Radcliffe had his way, he'd have "lots of kids" in the years to come. "Maybe because I'm an only child, I love the idea of lots of kids. But it will depend to a larger part on who I...
Read more on Celebrity Balla
 
Kyrgyz ex-president sentenced to life imprisonment
Bishkek, July 26 (IANS) A Kyrgyz military court Friday sentenced in absentia the country's former president Kurmanbek Bakiyev, his brother Janysh Bakiyev and former prime minister Daniyar Usenov to life imprisonment....
Read more on Politics Balla
 
Why Lily Allen goes into shutdown mode?
Los Angeles, July 26 (IANS) Singer Lily Allen has decided to go into shutdown mode after receiving criticism on a social networking site. Allen says this is her way of coping with backlash, reports mirror.co.uk. The...
Read more on Celebrity Balla
 
ASUS MeMO Pad 7 Intel Bay Trail Tablet Shows Serious Android On X86 Value
Low cost tablets have been a goal for a long time now but breaking the $200 mark hasn’t been easy for manufacturers, without sacrificing features and quality.  Then again, what if I told you there’s a 7-inch tablet on...
Read more on Apple Balla