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Sorouh Q2 profit plummets 78%
- United Arab Emirates: Wednesday, July 22 - 2009 at 15:36
Abu Dhabi-based Sorouh Real Estate has reported that its second-quarter profit fell 78% compared to the same period in 2008 due to a decline in land sales. Net income fell to Dhs148.3m ($40m), or 6 fils a share, from Dhs687.1m, or 27 fils, a year earlier, Sorouh said. Revenue dropped to Dhs978m from Dhs1.07bn.
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