Emaar Misr says H1 net profit climbs 32.4% to $77.8 mln

Big 5

Emaar Misr, unit of Dubai property developer Emaar, said first half net profit climbed 32.4 percent y-o-y to 691.28 million Egyptian pounds ($77.8 million).

The Egyptian real estate developer post net profit of 522.19 million pounds in the first half of 2015.

Profits also surged 32 percent in the first half of the year.

Revenue rose to 1.78 billion pounds compared to 1.56 billion last year.