Emaar Misr says H1 net profit up 283 pct to $66.7 mln

Reuters , Tuesday 4 Aug 2015

Emaar logo (Photo: Emaar official website)

Egyptian property developer Emaar Misr said on Tuesday its first-half net profit jumped 283 percent to 522 million Egyptian pounds ($66.67 million).

Revenue rose to 1.56 billion pounds, the firm said in a statement.

Emaar Misr, a unit of Dubai's Emaar Properties, sold about 13 percent of its shares and raised 2.28 billion pounds in an initial public offering in June.

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