Dubai's Nakheel, which completed a complex debt restructuring last month expects to post a 2011 profit and will issue the final tranche of its $1.63 billion Islamic bond by year-end, its chairman said on Tuesday.
Full-year profit should be in-line with its 2010 results, Ali Rashid Lootah told reporters at property show Cityscape in Dubai.
Nakheel made a 2010 profit of Dh860 million ($234 million) and sees a rise in revenue this year as it revamps its operations post its $16bn debt restructuring, Lootah was reported as saying last week.
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