Dubai’s Emaar Properties forecasts 2015 profit above market estimates

People have their pictures taken near an Emaar sign outside the Dubai Mall in this March 15, 2014 file photo. (Reuters)

Dubai’s Emaar Properties forecast a 2015 net profit of $1.01 billion, according to a presentation at the developer’s annual shareholder meeting.

This is higher than the $916 mln average forecast for net profit this year by eight analysts, according to Thomson Reuters Eikon.

Emaar, 29 percent owned by state fund Investment Corporation of Dubai, posted an annual profit last year of $895 mln, up from $699 mln in 2013.

Last Update: Wednesday, 20 May 2020 KSA 09:44 - GMT 06:44