Dubai's Deyaar swings to full-year profit - Yahoo!

Deyaar Development,
Dubai's second largest developer by market value, swung to a
small profit in 2011, it said in a statement to the Dubai bourse
on Sunday.
Deyaar made a net profit of 37.7 million UAE dirhams ($10.3
million) last year, compared to a net loss of 2.87 billion
dirhams in 2010.
The company also posted improved fourth-quarter results,
according to Reuters calculations, but remained in a loss.
Deyaar made a 7.3 million dirhams net loss in the fourth
quarter of 2011, according to Reuters calculations, compared
with a net loss of 1.77 billion dirhams during prior-year
period.

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