Dubai-based Emaar Properties said on Sunday it posted a net profit of $1.55 billion in 2017, about 8 percent higher than a year earlier.
The developer of the more than 160-storey Burj Khalifa, the world's tallest tower, had made $1.43 billion in net profit in 2016.
The latest statement came after Emaar chairman Mohamed Alabbar said on Wednesday the firm had made $1.8 billion in profit and close to $5 billion in sales in 2017.
The company clarified on Saturday that the figure was before depreciation.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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