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Wednesday, 19 October 2016

Dubai’s Nakheel reports 22 per cent rise in profit for third quarter | The National

Dubai’s Nakheel reports 22 per cent rise in profit for third quarter | The National:

"The Dubai-based property developer Nakheel said that its profit rose 22 per cent during the third quarter, reflecting what it described as "stable market conditions."

Net income for the three months to the end of September hit Dh955m, compared with Dh781m in the same period last year, but down from Dh1.4 billion in the second quarter of this year.

Nakheel did not provide revenue figures for the third quarter or a detailed breakdown of costs and how its profit was achieved."



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