Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Green Valley achieves Net Profit of AED 20 million in Q1 2014   Join our daily free Newsletter

MENAFN Press - 06/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) Net profit up 15% compared to Q1 in 201

Company revenue touches AED 50 in first quarte



Green Valley International Real Estate “ one of the leading real estate companies in the region, today announced a Net Profit of AED 20 million [5,434,782 million] in the first quarter of 2014, a 15% increase over the AED 17 million achieved in the first quarter last year



Announcing its results, the company achieved Net Revenue of AED 20 million, compared to a Net Revenue of AED 50 million in the first quarter of 2013. This amazing growth during the first quarter was a result of the impressive response and delivery from its iconic developments across UAE, Lebanon and Turkey



Net worth of the company increased to AED 3 billion at the end of March 31, 2014



Ali Saeed Al Salami, General Manager of Green Valley International Real Estate, said: "The quarter on quarter profits for Green Valley has increased by 15% and this underscores the value and growth potential of our company in line with our strategic plans. We have set unprecedented standards “ both in the quality of our projects as well as our delivery standards and our impressive financial results are a reflection of this.



He added: "We believe in offering value for the investments and this is reflected in the amazing returns both for the company as well as our investors."



The results come close on the heels of the company unveiling new developments in Dubai worth AED 1.5 billion.



Well-renowned for its prompt adherence to delivery schedules and project quality, Green Valley has announced that in 2014, it will deliver five key projects in Lebanon; following the handover of three projects in the country in 2013



Green Valley also has a number of projects under way across Lebanon, Turkey, UAE, Syria and Egypt. Earlier this year, the company had announced a major foray into Turkey with investments to the tune of AED 200 million, to tap into the booming real estate industry in the country and heightened interest from investors.



About Green Valley International Real Estat



Established in 2004, Green Valley International Real Estate Group is one of the leading companies in the real estate sector, offering a variety of services including residential and investment opportunities, for sale, re-sale or lease properties, as also developing and constructing lands. Offering a high-calibre team with high skills and professionals, Green Valley offers clients safe, calm, honest and commitment. Green Valley International Real Estate Group consists of group companies “ Green Valley Real Estate Brokers in Dubai; Unique Green Valley Real Estate and General Contracting in Abu Dhabi; Green Valley Real Estate in Ajman and Fujairah; Al-Salamy Services in Qatar; Green Valley for Contracting and Building in Lebanon; Green Real Estate in Syria; Green Valley Trading & Contracting Co in Egypt; Green Valley Trading & Contracting Co in Morocco; Green Valley International Real Estate in Istanbul, Turkey; and YegilVadiGayrimenkulDizayningaatSanayiveTicaret in Bursa, Turkey





Issued by Landmark PR & Event Managemen



For press information contact



Nehal Saab Khaled Abou Hichm

Account Director Account Manage

Tel.: 971 4 3912546 Tel.: 971 4 391214

Email: n.saab@landmark-pr.com k.abouhichme@landmark-pr.co







About Green Valley International Real Estate
Established in 2004, Green Valley International Real Estate Group is one of the leading companies in the real estate sector, offering a variety of services including residential and investment opportunities, for sale, re-sale or lease properties, as also developing and constructing lands. Offering a high-calibre team with high skills and professionals, Green Valley offers clients safe, calm, honest and commitment. Green Valley International Real Estate Group consists of group companies “ Green Valley Real Estate Brokers in Dubai; Unique Green Valley Real Estate and General Contracting in Abu Dhabi; Green Valley Real Estate in Ajman and Fujairah; Al-Salamy Services in Qatar; Green Valley for Contracting and Building in Lebanon; Green Real Estate in Syria; Green Valley Trading & Contracting Co in Egypt; Green Valley Trading & Contracting Co in Morocco; Green Valley International Real Estate in Istanbul, Turkey; and YegilVadiGayrimenkulDizayningaatSanayiveTicaret in Bursa, Turkey.

 


MENAFN Press




  MENA News Headlines
 Sep 17 2014 - Kuwait Stock Exchange Closes on Green NoteQatar News Agency
(MENAFN - QNA) Main indices of the Kuwait Stock Exchange ended trading Wednesday in the green zone with the weighted, the price, and the KSX 15 indices up by 1.39, 14.07, and 5.63 points ...

 Sep 17 2014 - HE Assistant FM Receives Copy of Vietnamese Ambassador's CredentialsQatar News Agency
(MENAFN - QNA) HE Assistant Foreign Minister for Foreign Affairs Mohammed bin Abdullah Al Rumaihi on Wednesday received a copy of the credentials of Nguyen Hoang as ambassador of the Socialist ...

 Sep 17 2014 - HE Prime Minister Meets Chubu Electric Power ChairmanQatar News Agency
(MENAFN - QNA) HE Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa Al-Thani on Wednesday met with Toshio Mita, chairman of Chubu Electric Power company on the occasion of ...

 Sep 17 2014 - Italian President Receives Message from Kuwait's EmirQatar News Agency
(MENAFN - QNA) Italian President Giorgio Napolitano received a message from Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah pertaining to bilateral relations between the two ...

 Sep 17 2014 - US Vice President Ukrainian Prime Minister Discuss Minsk AgreementQatar News Agency
(MENAFN - Qatar News Agency) Moscow September 17 (QNA) - Russia and eastern Ukrainian independence fighters should fully observe provisions of the Minsk ceasefire agreement US Vice President Joe ...

 Sep 17 2014 - HE Minister of Culture Arts and Heritage Meets US AmbassadorQatar News Agency
(MENAFN - Qatar News Agency) Doha September 15 (QNA) - HE the Minister of Culture Arts and Heritage Dr. Hamad bin Abdulaziz Al Kuwari met here Monday with HE US Ambassador to Qatar Dana Shell Smith. ...

 Sep 17 2014 - 52 Taliban Militants Killed During CounterTerrorism OperationsQatar News Agency
(MENAFN - Qatar News Agency) Kabul September 15 (QNA) - At least 52 Taliban militants were killed following joint clearing operations by Afghan national security forces in various provinces of the ...

 Sep 17 2014 - One Policeman Killed Two Injured in Pakistan's militant attackQatar News Agency
(MENAFN - Qatar News Agency) Islamabad September 15 (QNA) - A policeman was killed and two others sustained injuries when unknown militants launched an attack on Tal Police Station on Monday morning. ...

 Sep 17 2014 - US Drone Strike Kills Seven on PakAfghan BorderQatar News Agency
(MENAFN - Qatar News Agency) Islamabad September 14 (QNA) - Seven suspected militants including two key commanders of Badr Mansoor group have been killed in a US drone strike according to Pakistan ...

 Sep 17 2014 - ISIS United Iraq Country's Deputy Prime Minister SaysQatar News Agency
(MENAFN - Qatar News Agency) Baghdad September 14 (QNA) - Iraq's Deputy Prime Minister Hoshyar Zebari said Sunday that ISIS organization has united the country rather than divide it. He said that ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help