Egypt arm of Dubai developer Emaar reports big profit increase

April 19, 2015 12:59 PM

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CAIRO, April 19 (Reuters) - Emaar Misr, the Egyptian arm of Dubai developer Emaar Properties, on Sunday reported a big jump in first-quarter profits, supported by strong revenue growth.

The subsidiary of Dubai's largest real estate developer said profits reached 172.7 million Egyptian pounds ($22.65 million) in the first three months of the year, up from 30.7 million pounds a year earlier.

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