New Delhi: Dubai’s realty major Emaar Properties has witnessed 1.7 percent drop in its net profit for the fourth quarter, according to newswire Reuters.
The company earned 1.76 billion Dirhams (USD 479 million) in the October-December quarter if 2019 as against 1.79 billion Dirhams in the same period of 2018.
The company clocked 1 percent increase in annual net profit to 6.2 billion Dirhams. Its revenue dropped 4.3 percent to 24.5 billion Dirhams as against the previous year.