Another Good Quarter
Emaar Properties has released its Q1 2017 figures showing a 15% increase, yoy, in its revenue to AED4,072m. On the other hand, direct costs increased by 25% yoy, which resulted in a contraction of the company’s gross profit to 50% (vs. 54% in Q1 2016).The Group now has a backlog of AED46bn to be recognised as revenue in the next few years.
The company continued to carefully manage its costs with a stable SG&A/sales ratio at c19% for the past 5 quarters.
On the balance sheet side, the company’s Net Debt increased to AED168m compared to AED62m in FY 2016, which resulted in 0.4% Net Debt/Equity Ratio in Q1 2017 (vs.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.