Wednesday 3 October 2012

BRIEF-Dubai's Shuaa sees further reduction in cash outflows | Reuters

Shuaa Capital : * Sees cash outflow cut to 3.5 million dirhams per month by end 2012 from 4.3 million in June - statement
* Says expects to reach "positive territory" in 2013 and consistent profitability thereafter
* Says will commit balance sheet in the credit space

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