Deyaar’s Q3 profit drops 74 percent
Dubai –based property developer Deyaar made…
October 19, 2009 4:12 by kippreport
Dubai -based property developer Deyaar made net profits of AED81.6 million during the third quarter of the year, a fall of 73.8 percent from the same period last year. Revenues during the third quarter amounted to AED 450.3 million, the company said in a statement on the Dubai Financial Market website.
“The results are in line with company forecasts and its strategy to diversify income streams by fortifying recurring revenue sources,” Deyaar said, adding that it was “maintaining a positive operational cash flow” this year.