Sorouh Real Estate financial results

Sorouh Real Estate PJSC has announced a net profit of AED 534 million for the period from 31 July 2005 to 31 March 2006.

United Arab Emirates: Saturday, May 27 - 2006 at 09:25
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The company earnings amounted to 21 Fils per share for the same period.

The financial statements that have been sent to Abu Dhabi Securities Market indicate that Sorouh investments in real estate projects amount to AED 584 million and the company's total assets amount to AED. 3.4 billion.

'The company has made a positive and profitable start to its operating activities. We are very positive on the future of the property market in Abu Dhabi.'

said HE Saeed Al Ghafli, Chairman of the Sorouh Board of Directors.

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For further information:
Wael Kanakri
Asda'a Public Relations
Tel: 971 (0) 2 633 4133

Posted by Lara Lynn Golden, News Editor
Saturday, May 27 - 2006 at 09:25 UAE local time (GMT+4)

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This Article was updated on Wednesday, April 25 - 2007

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