Emaar's malls unit posts 55% jump in Q3 net profit

Quarterly profits are up from AED206.97mn in the same period last year

Dubai's Emaar Malls Group (EMG), a unit of Emaar Properties.
Dubai's Emaar Malls Group (EMG), a unit of Emaar Properties.

Dubai's Emaar Malls Group (EMG), a unit of Emaar Properties that listed on the emirate's main stock market in October, reported a 55.2% rise in third-quarter net profit on Thursday.

The retail and malls unit of Dubai's largest developer made a quarterly profit of AED321.18mn ($87.5mn), up from AED206.97mn in the corresponding period of 2013.

Quarterly revenue was AED649.88mn versus AED542.74mn a year ago.

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