|
contents | business | |||||||||
| Emaar Properties AGM declares 10 per cent cash dividend Emaar Properties PJSC, the global property developer, declared ten per cent cash dividend at the 13th Annual General Meeting held in Dubai on Monday, March 28, 2011. At the AGM, the assembly approved the report of the Board of Directors on the activities and financial position of the company and the balance sheet, and granted approval for the members of the Board to carry on activities relating to real estate. The Assembly also appointed Deloitte as the Auditors for the year 2011. Emaar has total assets of AED 62.5 billion (US$ 17 billion) of which international assets are valued at AED 22.47 billion (US$ 6.12 billion). In 2010, Emaar recorded a net operating profit of AED 3.034 billion (US$ 826 million), 31 per cent higher than the net operating profit of AED 2.324 billion (US$ 633 million) recorded in 2009. Annual revenue for 2010 was AED 12.150 billion (US$ 3.308 billion), 44 per cent higher than the 2009 revenues of AED 8.413 billion (US$ 2.29 billion). Revenue from international operations accounted for AED 973 million (US$ 265 million), nearly eight per cent of the total. write your comments about the article :: © 2011 Construction News :: home page |