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Deyaar reports Q2 net profit of Dhs75.40m
- United Arab Emirates: Monday, July 13 - 2009 at 11:49
Deyaar Development has reported a net profit of Dhs75.40m for the three months ending June 30, 2009, an increase of 38% over the company's net profit of Dhs54.48 million for Q1 2009. The developer's total shareholders' equity stood at Dhs7.4bn, while total assets reached Dhs11.3bn. Deyaar has also noted that it has committed Dhs100m towards the Deyaar Property Opportunity Fund as seed capital as of June 30, 2009.
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