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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




Tags: Dubai | Deyaar | profit |

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