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Emaar Net Profits up by 35% to Reach US$ 1.735 Billion - ASHARQ AL-AWSAT English Archive
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Dubai, Asharq Al-Awsat-, global property developer Emaar Properties PJSC has recorded a growth of 35 per cent in annual profits for the year ended December 31, 2006 compared to year 2005.

Emaar posted a record annual net profit of US$ 1.735 billion compared to US$ 1.288 billion in year 2005. Annual revenue increased by 68 per cent from US$ 2.276 billion to US$ 3.813 billion. Earnings per share (EPS) for the year 2006 were US$ 0.29 compared to US$ 0.23 during 2005.

Emaar recorded fourth-quarter revenue and net profits of US$ 1.510 billion and US$ 0.466 billion respectively. This was 64 per cent more than the third-quarter revenue of US$ 0.920 billion and 7 per cent more than the net profit of US$ 0.437 billion for the period ended September 30, 2006.

The fourth-quarter figures represent a growth of 246 per cent in revenue and 65 per cent in net profit respectively over the fourth-quarter 2005 revenue and profit of US$ 0.437 billion and US$ 0.283 billion, respectively.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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