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Deyaar’s Q3 profit drops 74 percent

Dubai –based property developer Deyaar made…

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October 19, 2009 4:12 by



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.



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1 Comment

  1. Vikram Bhakta on October 20, 2009 1:20 pm

    http://www.7days.ae/storydetails.php?id=85485 &page=local news&title=Deyaar Q3 profits up

    As per the news in 7Days…deyaar profits are up by 8% for the three months ending September 30, 2009.

    So who do we trust in terms of News…

     

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