{"id":15008,"date":"2019-11-10T09:02:03","date_gmt":"2019-11-10T09:02:03","guid":{"rendered":"https:\/\/onplan.ae\/emaar-malls-records-aed-602m-profit-in-q3-19\/"},"modified":"2019-11-10T09:02:03","modified_gmt":"2019-11-10T09:02:03","slug":"emaar-malls-records-aed-602m-profit-in-q3-19","status":"publish","type":"post","link":"https:\/\/onplan.ae\/ar\/emaar-malls-records-aed-602m-profit-in-q3-19\/","title":{"rendered":"Emaar Malls records AED 602m profit in Q3-19"},"content":{"rendered":"<div>\n<p>Dubai \u2013 Mubasher: <a href=\"https:\/\/english.mubasher.info\/markets\/DFM\/stocks\/EMAARMALLS\">Emaar Malls<\/a> achieved an increase of 12% in net profits to AED 602 million ($164 million) during the third quarter of 2019 when compared to AED 537 million ($146 million) in the same period last year.<\/p>\n<p>Revenues grew by 5% to AED 1.185 billion ($323 million) in Q3-19 from AED 1.129 billion ($307 million) in Q3-18, according to a bourse disclosure on Sunday.<\/p>\n<p>During the nine-month period that ended on 30 September 2019, net profit reached AED 1.732 billion ($472 million), 6% higher than 1.639 billion ($446 million) in the corresponding period last year.<\/p>\n<p>Revenue for the nine-month period this year increased by 6% to AED 3.412 billion ($929 million), compared to AED 3.232 billion ($880 million) in the same period in 2018.<\/p>\n<p>Emaar Malls is a retail business majority-owned by Emaar Properties.<\/p>\n<p>Commenting on the profitable quarter, Mohamed Alabbar who is the chairman of Emaar Properties and board member of Emaar Malls said, &#8220;Emaar Malls has consistently explored opportunities to deliver an enhanced shopping experience by taking a customer-centric view of the entire consumer journey, which helps us achieve sustained growth &#8211; both through our Malls and Namshi, our fully owned online business.\u201d<\/p>\n<p><span>It is worth noting that during the first half of 2019, the company achieved <a href=\"http:\/\/a net profit of AED 1.130 billion\">a net profit of AED 1.130 billion <\/a>($308 million).<\/span><\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<div>\n<p>Dubai \u2013 Mubasher: <a href=\"https:\/\/english.mubasher.info\/markets\/DFM\/stocks\/EMAARMALLS\">Emaar Malls<\/a> achieved an increase of 12% in net profits to AED 602 million ($164 million) during the third quarter of 2019 when compared to AED 537 million ($146 million) in the same period last year.<\/p>\n<p>Revenues grew by 5% to AED 1.185 billion ($323 million) in Q3-19 from AED 1.129 billion ($307 million) in Q3-18, according to a bourse disclosure on Sunday.<\/p>\n<p>During the nine-month period that ended on 30 September 2019, net profit reached AED 1.732 billion ($472 million), 6% higher than 1.639 billion ($446 million) in the corresponding period last year.<\/p>\n<p>Revenue for the nine-month period this year increased by 6% to AED 3.412 billion ($929 million), compared to AED 3.232 billion ($880 million) in the same period in 2018.<\/p>\n<p>Emaar Malls is a retail business majority-owned by Emaar Properties.<\/p>\n<p>Commenting on the profitable quarter, Mohamed Alabbar who is the chairman of Emaar Properties and board member of Emaar Malls said, &#8220;Emaar Malls has consistently explored opportunities to deliver an enhanced shopping experience by taking a customer-centric view of the entire consumer journey, which helps us achieve sustained growth &#8211; both through our Malls and Namshi, our fully owned online business.\u201d<\/p>\n<p><span>It is worth noting that during the first half of 2019, the company achieved <a href=\"http:\/\/a net profit of AED 1.130 billion\">a net profit of AED 1.130 billion <\/a>($308 million).<\/span><\/p>\n<\/p><\/div>","protected":false},"author":1,"featured_media":15009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[938],"tags":[],"class_list":["post-15008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts\/15008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/comments?post=15008"}],"version-history":[{"count":0,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts\/15008\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/media\/15009"}],"wp:attachment":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/media?parent=15008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/categories?post=15008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/tags?post=15008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}