US EditionEmaar EC trims losses as revenue nearly triple
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Emaar EC trims losses as revenue nearly triple
Operational costs decrease Land sales, leases boost income Firm restructures debt Emaar EC, the master developer of King Abdullah Economic City, trimmed net losses by more than half in the first quarter of 2025 as revenues almost tripled. Net loss narrowed to SAR123 million ($32.8 million) in the quarter ended March 31, 2025, from SAR352 million a year earlier, the developer said in a statement published on the Saudi stock exchange on Thursday. …
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