Emaar Properties announced that it has registered $912m in profits, a 30% increase compared to the $699m profits recorded the year before.
The company stated that around 54% of its total revenues came from shopping malls, retails and hospitality businesses.
“Net operating profit for Q4 2014 is AED 861m ($234m), 14% higher than the previous quarter at AED 758m ($206m),” the real estate company said.
Emaar Misr initial is expected to finalise its listing procedures in the Egyptian stock market within five days. The company’s capital is estimated to be around EGP 878m that will be divided on 87m stocks.
