(MENAFN) Net profit of the UAE-based Nakheel reached USD171.22 million in the first three months of 2014, or 28 percent higher compared to the same period 2013, according to the Emirates 24/7
The company also reported USD372 million-worth revenue in the first quarter of 2014
Nakheel's profit was estimated at USD699 billion in 2013, 27 percent higher than in 2012
Nakheel Chairman Ali Rasd Lootah said: "Our robust financial performance is more conclusive evidence of our ongoing commitment to achieve our corporate objectives ahead of time, and further proof that we continue to move forward and to win investor trust and confidence. Our Q1 2014 results build on our impressive financial performance in 2013 and are a clear indication of what lies ahead for the rest of the year in terms of our financial success.