Deyaar's Q3 net profit jumps 94%

Dubai-based developer Deyaar Development PJSC has reported a consolidated net profit of Dh78.47 million for the third quarter of 2014, up by a record 94 per cent from Dh40.48 million registered in the same period in 2013.
 
Aided by robust property sales booking and property delivery, the net profit for the first nine months of the year rose 122 per cent to Dh193.04 million, compared to Dh87.15 million for the same period in the previous year.

Meanwhile, total shareholders’ equity of the Dubai Financial Market listed property company stood at Dh4.3 billion, with total assets recording Dh6.1 billion.



 

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