Nakheel today announced its results for the financial year ending 31 December 2012, posting a profit of AED2.017 billion (US$550 million) – a 57% increase on 2011.
Revenues of AED7.8 billion in 2012 were up 91 per cent against revenues of AED4.1 billion for the financial year ending 31 December 2011.
Nakheel’s strong financial performance in 2012 underpins the continued support of the Government of Dubai and the commitment by Nakheel management in implementing its post-restructuring business plan, and is a clear sign of a recovery in Dubai’s real estate sector. Nakheel’s total profit since 2010 now stands at AED4.3billion.
Nakheel reports 57% rise in 2012 profit - bi-me.com
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