Emaar To Reinvest Its 2009 Profit

Friday, April 30, 2010

Emaar Properties shareholders yesterday approved non-distribution of dividend for 2009 and authorised the company to reinvest its profits into "long-term growth". In 2009, the Dubai-based developer recorded annual net profit of Dh2.051 billion on revenue of Dh8.413 billion. The company's 12th annual general meeting endorsed a "commitment to project delivery and business segmentation", Emaar said in a statement.

Source: Gulf News

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