Emaar Malls Group (EMG) has announced an increase by 33% in its net profit for the first nine months of 2014 amounting to AED 938.36 million compared to AED 705 million during the same period last year.

In its statement to the Dubai Financial Market (DFM), EMG reported a net profit of AED 321.18 million during the third quarter of 2014 compared to AED 207 million in Q3-13, registering a significant profit growth by 55.2%.

The Company attributed its profit gains to a surge in revenue to AED 1.9 billion during the first nine months of the year against AED 1.65 billion during the same period a year earlier.