Dubai's Deyaar reports 14% rise in Q4 net profit

Posted on 27th January 2016

Dubai's Deyaar Development has reported a 14 per cent rise in its fourth-quarter net profit.deyaarThe company made a profit of Dh101.5 million ($27.63 million) in the three months to December 31, Reuters calculated based on its annual financial statement in lieu of a quarterly breakdown.This compares with a profit of Dh88.8 million in the corresponding period of 2014, according to Tradearabia news report.An analyst at Sico Bahrain, polled by Reuters, forecast Deyaar would make a net loss in the quarter of Dh28.9 million.Deyaar's 2015 net profit was Dh291.4 million, up from 281.9 million dirhams in 2014, it said in an emailed statement. Back to all Construction News

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