UAE's Deyaar net profit hits USD11 m in Q3

(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."