March 9, 2016 / 5:17 AM / 2 years ago

Dubai's Emaar Malls proposes dividend of 0.1 dhs/share

DUBAI, March 9 (Reuters) - Dubai’s Emaar Malls has recommended paying a dividend of 0.1 dirhams ($0.03) per share for the 15 months to Dec. 31, 2015, the company said on Wednesday.

The Emaar Properties subsidiary made a net profit of 2.07 billion dirhams in this period.

Emaar Malls joined Dubai’s bourse in early October 2014 after the parent firm spun off its unit into a separately listed company following an initial public offering.

$1 = 3.6726 UAE dirham Reporting by Matt Smith; Editing by Tom Arnold

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