15-02-2017 07:17 via news.yahoo.com

BUZZ-Dubai's Emaar Properties rises after Q4 earnings

Feb 15 (Reuters) - ** Shares in Dubai's Emaar Properties rise 1.7 percent to 7.73 dirhams ** Company reported fourth-quarter net profit of 1.61 billion dirhams ($439 million), up from 1.03 billion dirhams a year earlier; revenues rose 16 percent ** SICO Bahrain had forecast Emaar would make quarterly profit of 1.32 billion dirhams, EFG Hermes had forecast 1.64 billion dirhams ** Profit in latest quarter was boosted by a write-back of 301 million dirham provision taken a year earlier for costs of
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