Damac logs USD948.3m net profit

10 Feb 2015

(MENAFN) The UAE-based leading developer Damac Properties logged a net profit of USD948.3 million in 2014, Khaleej Times reported.

In addition, 500 million bonus shares on a capital of 5 billion shares represented by a share dividend of USD0.027 per share are projected by the directorate for 2014.

“2014 was a year of continued delivery and expansion of our product range. Damac launched many new products; expanded our relationships with key brands,” Damac chairman stated.

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