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Emaar Properties records first quarter 2010 net operating profit of AED 760 million (US$ 207 million)

2010-04-22

Emaar Properties PJSC, a global property developer with a significant presence in key markets worldwide, announced today first quarter 2010 revenue of AED 2,886 million (US$ 786 million), underpinned by the robust performance of the company’s hospitality and shopping mall subsidiaries during a period when the company opened the world’s tallest building, Burj Khalifa.  First quarter revenue was an impressive 87 per cent higher than the first-quarter 2009 revenue of AED 1,540 million (US$ 419 million). Net operating profits for the first quarter of the year reached AED 760 million (US$ 207 million), 152 per cent higher than the first-quarter 2009 net operating profit of AED 302 million (US$ 82 million).