Emaar Profit Decline

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Emaar Profit Decline

Thursday, 17 April 2008 09:44

Dubai-based developer Emaar Properties, the largest Gulf real estate company by market value, posted its second decline in profit in three quarters, falling 3.8% to dhs1.66bn ($451m) due to a drop in revenues from its US subsidiary. Earnings per share were 1.08 dirhams, unchanged compared with the year-earlier period. Revenue fell dhs80m to dhs3.96bn, the company said.

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