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| Emaar records net profits of $0.893 billion for first half 2007 Emaar Properties PJSC has recorded half-yearly net profits of AED 3.279 billion (US$ 0.893 billion), up 7 per cent over half-year 2006 profits of AED 3.053 billion (US$ 0.831 billion). The net profits for the second quarter of 2007 (April to June) was AED 1.558 billion (US$ 0.424 billion) as compared to the second quarter 2006 profits of AED 1.536 billion (US$ 0.418 billion). The revenue for the first six months of the year was AED 8.078 billion (US$ 2.199 billion) accrued principally from the sale of apartments and villas in Dubai. Revenue grew 59 per cent from half-year 2006 results of AED 5.079 billion (US$ 1.383 billion). The revenue for the second quarter of 2007 (April to June) was AED 4.174 billion (US$ 1.136 billion), a growth of 47 per cent over the second quarter 2006 revenue of AED 2.840 billion (US$ 0.773 billion). Earnings per share (EPS) for the first six months of the year is AED 0.54 (Annualized EPS for 2007 = AED 1.08) as compared to the actual EPS of AED 0.50 for the first six months of the year 2006 (Actual EPS for 2006 = AED 1.06). write your comments about the article :: © 2007 Construction News :: home page |