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FINANCIAL NEWS
Dubai-DAMAC profit declines by 27 percent in H1
15 Aug 2016
(MENAFN) Dubai-DAMAC Properties proclaimed the fiscal results for the first half of this year, which exposed revenues of AED3.37bn.
Furthermore, gross profit margin reached 59 percent, while net profit for the reporting period stood at AED1.94bn, a decline of 27 percent.
On the other hand, whole assets grew to AED23.51bn at the end of June this year, compared to AED23.45bn at the end of Dec last year.
Meanwhile, booked sales reached AED3.63bn, marginally below the previous three quarter, due to the whole impact of Ramadan in this quarter.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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