Middle-east Arab News Opinion | Asharq Al-awsat

Emaar Posts Record Third-Quarter Profits - ASHARQ AL-AWSAT English Archive 2005 -2017
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London, Asharq Al-Awsat- Global real estate major Emaar Properties PJSC has announced record revenue and net profits of AED 3.379 billion (US$ 0.920 billion) and AED 1.605 billion (US$ 0.437 billion), respectively, for the third quarter ended September 30, 2006.

In annualized terms, this equates to an earnings per share (EPS) of AED 1.04, which is more than the 2005 EPS of AED 0.85.

The third quarter 2006 figures represent a growth of 66 per cent in revenue and 39 per cent in profit respectively over the third quarter 2005 revenue and profit of AED 2.040 billion (US$ 0.555 billion) and AED 1.157 billion (US$ 0.315 billion) respectively.

Revenue and net profit also grew 19 per cent and 4 per cent respectively over the second quarter 2006 revenue of AED 2.840 billion (US$ 0.773 billion) and profit of AED 1.536 billion (US$ 0.418 billion) .

Revenue and net profits for the first three quarters ended September 30, 2006, are AED 8.458 billion (US$ 2.303 billion) and AED 4.658 billion (US$ 1.268 billion) respectively. This represents an increase of 25 per cent in revenue and 26 per cent in profit for the same period in 2005. The revenue and net profit for the three quarters ended September 30, 2005 were AED 6.757 billion (US$ 1.840 billion) and AED 3.690 billion (US$ 1.005 billion) respectively.