May 14, 2017 / 10:58 AM / 3 months ago

BRIEF-Emaar Properties Q1 profit rises

May 14 (Reuters) - Emaar Properties

* Q1 net profit 1.38 billion dirhams versus 1.21 billion dirhams year ago

* Q1 revenue 4.07 billion dirhams versus 3.53 billion dirhams year ago

* Recorded property sales of 6.05 billion dirhams in Q1, up 44 percent year over year

* Group has a backlog of 46.25 billion dirhams to be recognised as revenue in next few years

* Is in course of expanding hospitality business with 26 upcoming projects in UAE, Turkey, Egypt, KSA and Bahrain Source: (bit.ly/2qFu4H2) Further company coverage:

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