Dubai – Mubasher: The unaudited interim consolidated financials of Emaar Properties recorded a 25% year-on-year (YoY) increase in net profits attributable to the owners to AED 2.577 billion in the January-September period of 2021, compared to AED 2.057 billion.
The company generated revenues of AED 19.331 billion in the first nine months of 2021, up 57% from AED 12.351 billion in the corresponding period of 2020.
The basic and diluted earnings per share (EPS) stood at AED 0.36 in the January-September period of 2021, versus AED 0.29 in the same period of 2020.
In the third quarter (Q3) of 2021, the company's net profits attributable to the owners reached AED 1.017 billion, up 184% from AED 359.375 million in the year-ago period.
The company's sales backlog rose to AED 46.927 billion ($12.776 billion), which will be recognised as revenues in the coming years.
It is noteworthy to mention that during the first half (H1) of 2021, the company's net profits decreased by 8% to AED 1.56 billion, compared to AED 1.698 billion in the corresponding half of 2020.
