UAE’s Tasweek reports 112 percent growth in earnings

25 Apr 2014

(MENAFN) Abu Dhabi”s private joint stock company Tasweek Real Estate Development and Marketing, an advisor and solutions provider serving the real estate markets, has recently posted a 112 percent rise in earnings for the year 2013, according to Khaleej Times.

The estimated value of earnings in 2013 was it highest, resulted from a 77 percent growth in annual revenues and 60 percent rise in net profit ratio.

The real estate development and marketing firm increased its investment portfolio by 27 percent last year as it consolidated investments in key developments such as Health Care City in Morocco and some other major projects.

Nasser bin Obood Alfalasi, chairman of Tasweek Real Estate Development and Marketing, said: “As usual, we will thoroughly explore new opportunities in the coming months to deliver a unique and unparalleled real estate experience. Given the turbulence of the regional and global property markets over the past few years, we consider it a great achievement to have logged our fifth straight year of profitability in 2013.”

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