Emaar Misr Q1 profits rises 72%

Emaar Misr, unit of Dubai property developer Emaar, reported a 72 percent increase in its first quarter profits to reach 437.9 million Egyptian pounds ($24.1 million), its financial statements announced Wednesday.

Earlier, profits stood at 254.48 million pounds during the first quarter of 2016.

Revenues also rose to 668.69 million pounds, compared with 597.42 million pounds during the same period in 2016.