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Emaar profit falls 45pct, missing estimates, on Burj Khalifa handover drop

Posted on 25 April 2011

Emaar Properties PJSC (EMAAR), the builder of the world’s tallest tower in Dubai, reported a 45 percent decline in first-quarter profit, missing analyst estimates, as it delivered fewer units in Burj Khalifa.
Net income fell to 421 million dirhams ($115 million), or 7 fils a share, from 761 million dirhams, or 12 fils share in the year-earlier period, the company said in an e-mailed statement today……………………………………….Full Article: Source

 
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