Dubai – Mubasher: UAE’s leading property developer Emaar said its net profits for the first half of 2015 amounted to AED 2.2 billion ($600 million), a growth by 12% from AED 1.977 billion ($538 million) reported in the same period a year earlier.

H1 revenues amounted to AED 6.497 million ($1.769 million), up 13% year-on-year from AED 5.730 million ($1.560 million).

The shopping malls, retail and hospitality segments contributed a total of AED 2.9 billion ($790 million), or 45% of total revenues.

Emaar recorded AED 1.171 million ($319 million) revenues from overseas markets, or 18% of its top line.

Meanwhile, Q2 net profit amounted to AED 1.179 million ($321 million), a rise of 16% year-on-year and 15% quarter-on-quarter. Q2 revenues increased by 16% y-o-y to AED 3.484 million ($949 million).