Deyaar posts 14pc jump in Q4 net profit
DUBAI, January 26, 2016
Dubai's Deyaar Development has reported a 14 per cent rise in its fourth-quarter net profit.
The company made a profit of Dh101.5 million ($27.63 million) in the three months to December 31, Reuters calculated based on its annual financial statement in lieu of a quarterly breakdown.
This compares with a profit of Dh88.8 million in the corresponding period of 2014.
An analyst at Sico Bahrain, polled by Reuters, forecast Deyaar would make a net loss in the quarter of Dh28.9 million.
Deyaar's 2015 net profit was Dh291.4 million, up from 281.9 million dirhams in 2014, it said in an emailed statement.-Reuters