Emaar’s Egypt unit says profits skyrocket 101.4% in 9 months

Emaar Misr, the Egyptian unit of Dubai developer Emaar Properties, announced Monday its profits grew 101.4 percent in the first nine months of 2015.

Net profit by the end of September 2015 has reached 744.5 million Egyptian pounds (US$92.7 million), compared to 369.6 million pounds in the same period in 2014.

On the other hand, Emaar Misr has achieved net profit of 522 million pounds during the first 6 months of 2015 compared to 136 million pounds in the same period in 2014.