(MENAFN) UAE-based developer Deyaar announced that its net profit in the July-September period significantly increased, Arabian business reported.
The company's net profit in the period went up to an astonishing USD11 million versus USD1.38 million in the same quarter a year ago.
For the first nine months, the company's net profit was USD23.7 million, up 162 percent from the corresponding period last year.
CEO of Deyaar said: "This sound financial performance is a testimony to the industry's underlying resilience."
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.