Published On: Fri, Oct 24th, 2014

Deyaar registers 94% increase in consolidated net profits for Q3 2014

Deyaar registers 94% increase in consolidated net profits for Q3 2014

Deyaar registers 94% increase in consolidated net profits for Q3 2014

Dubai-based developer Deyaar Development PJSC has reported a consolidated net profit of AED78.47 million for the third quarter of 2014, up by a record 94% from AED40.48 million registered in the same period in 2013.

Aided by robust property sales booking and property delivery, the net profit for the first nine months of the year rose 122% to AED193.04 million, compared to AED87.15 million for the same period in the previous year.

Meanwhile, total shareholders’ equity of the Dubai Financial Market listed property company stood at AED4.3 billion, with total assets recording AED6.1 billion.

Source : WAM News Agency for United Arab Emirates

About the Author

Web Development CompanyTechyPros