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RAK Properties reports $31m profit in Q1
- United Arab Emirates: Tuesday, April 29 - 2008 at 10:14
RAK Properties, a developer based in the UAE emirate of Ras Al Khaimah, has announced a net profit of Dhs114.58m ($31m) million for the first three months of 2008. Earnings per share were Dhs0.057, an 11% increase over the corresponding period in 2007. The company also reported Dhs564m in sales in residential and commercial units during the first three months of 2008, an increase of 232% over the corresponding period in 2007.
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Jeff Florian, Senior ReporterTuesday, April 29 - 2008 at 10:14 UAE local time (GMT+4)
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