Deyaar Q3 net profit rises 22.5%

 25 Oct 2016 - 0:57

Agencies

DUBAI: Dubai’s Deyaar Development reported a 22.5 percent rise in third-quarter net profit yesterday as revenue surged.

The company made a profit of 56.5m dirhams ($15.4m) in the three months to September 30, according to a financial statement.
This compares with a profit of 46.1m dirhams in the corresponding period of 2015. Revenue rose to 126.3m dirhams in the quarter, up from 25.3m dirhams in the year earlier period.