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FINANCIAL NEWS
UAE’s Deyaar records 135pct increase in H1 revenue
21 Jul 2017
(MENAFN) UAE developer Deyaar has recorded a 135 percent year on year increase in revenues for the Jan-June period of this year which jumped to USD86.1mn.
Accordingly, the increase was driven by sales of its properties and construction progress the Atria and Mont Rose projects, both which surpassed 75 percent completion.
The developer posted a healthy net profit of Dh67mn compared to D111.3mn in 2016, while this year”s revenue number was a result of the progress in Deyaar’s flagship projects.
The company made progress this year, posting growth in terms of profits in comparison to the same period of last year.
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MENAFN2107201700450000ID1095642649
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