DUBAI, July 31 (Reuters) - Dubai's Emaar Properties, builder of the world's tallest tower, reported an 8 percent rise in second-quarter net profit on Sunday.
The developer, in which Dubai's government owns a minority stake, made a net profit of 1.27 billion dirhams ($345.8 million) in the three months to June 30, it said in a statement.
That compares with a profit of 1.18 billion dirhams in the year-earlier period.
SICO Bahrain forecast Emaar would make a quarterly profit of 1.06 billion dirhams.
Emaar's quarterly revenue was 3.73 billion dirhams, up from 3.50 billion dirhams a year earlier, the statement added.
($1 = 3.6730 UAE dirham)
(Reporting by David French; Editing by Adrian Croft) ((davidj.french@thomsonreuters.com; +971 4 362 5864; Reuters Messaging: davidj.french.thomsonreuters.com@reuters.net))
The developer, in which Dubai's government owns a minority stake, made a net profit of 1.27 billion dirhams ($345.8 million) in the three months to June 30, it said in a statement.
That compares with a profit of 1.18 billion dirhams in the year-earlier period.
SICO Bahrain forecast Emaar would make a quarterly profit of 1.06 billion dirhams.
Emaar's quarterly revenue was 3.73 billion dirhams, up from 3.50 billion dirhams a year earlier, the statement added.
($1 = 3.6730 UAE dirham)
(Reporting by David French; Editing by Adrian Croft) ((davidj.french@thomsonreuters.com; +971 4 362 5864; Reuters Messaging: davidj.french.thomsonreuters.com@reuters.net))
