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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.
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