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Emaar Q2 net profit plunges 69 pct

Dubai’s Emaar Q2 net profit plunges 69 pct, misses view

Q2 net profit 250 mln dirhams vs 801.9 mln dirhams in Q2 2010; Developer hands over 244 units in Q2 vs 612 units yr-ago; Q2 revenues fall 23 pct; results miss forecasts; Writes off Dubai Bank investment in Q2

July 27, 2011 8:42