Sorouh posts 78% rise in Q1 net profit
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Sorouh posts 78% rise in Q1 net profit

Sorouh posts 78% rise in Q1 net profit

Abu Dhabi-based developer Sorouh Real Estate has announced that net profit for the first quarter of 2010 was Dhs131.6m ($35.83m), an increase of 78% on the previous quarter and 1% higher than the same quarter last year. The profit increase was driven by the sale of its Shams Abu Dhabi plot and a rise in lease income, the builder said in a statement.

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