The company of all records
Emaar Properties’ 2016 results were above our expectations with a 14% increase in revenues, y-o-y, to AED15.5bn and a gross profit of AED8.1bn (a 12% increase compared to 2015). On the bottom line, the company reported a record attributable net profit of AED5.2bn.In a year of tough context, and while its peers are struggling, the company has not only improved its results but also unveiled “The Tower†at Dubai Creek Harbour the world’s next tallest tower (The company has already built the current tallest building).
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.