Emaar share down

Published October 13th, 2005 - 08:36 GMT
Al Bawaba
Al Bawaba

Emaar Properties led UAE shares down Wednesday as its third quarter net profit disappointed investors, market sources said, according to GulfNews.

 

Emaar announced after market hours on Tuesday its third quarter net profit jumped 124.2 per cent to Dh1.16 billion, but the results disappointed investors who had expected earnings of Dh1.3 to Dh1.5 billion.