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Deyaar posts $10.5m in full-year income
- United Arab Emirates: Wednesday, February 06 - 2013 at 05:48
Dubai-based real estate developer Deyaar has said its full-year net profit rose marginally, as it booked gains from deliveries of long-pending commercial and residential properties in the emirate, Reuters has reported. The emirate's second-largest developer by market value made a consolidated net profit of Dhs38.6m ($10.5m) in 2012, compared with Dhs37.7m in the year-ago period. Fourth-quarter net profit reached Dhs5.4m, compared with a loss of Dhs7.8m in the prior-year period. Deyaar delivered a total of 629 commercial and residential units to customers in 2012 at a total sales value of Dhs600m, it said.
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