News tagged "Net profit"

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

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

27th January 2016

Dubai's Deyaar Development has reported a 14 per cent rise in its fourth-quarter net profit. deyaar The 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.[..]

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