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Deyaar Q1 net profit rises 6pc

DUBAI, April 14, 2015

Dubai's Deyaar Development, a leading real estate company in the UAE emirate, reported a six per cent rise in first-quarter net profit on Tuesday.

Deyaar, one of the companies worst hit by Dubai's property market collapse in 2009-2011, made a quarterly profit of Dh55.2 million ($15.03 million) in the three months to March 31, it said in a statement.

This compares with a profit of Dh52.1 million ($14.18 milion) in the corresponding period of 2014. Deyaar did not state its first-quarter revenue in the statement.  -Reuters




Tags: Dubai | property | Deyaar |

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