Nakheel reports 47 per cent rise in profit | The National

Nakheel reports 47 per cent rise in profit | The National:



"Nakheel reported a sharp rise in profits for the first nine months of the year as the Palm Islands developer boosted leasing earnings and paid off debt.



Profit during the period rose 47 per cent to Dh2.6 billion – more than the developer’s entire profit last year, Nakheel said.



Third quarter profit rose 31.6 per cent to Dh750 million, according to calculations by The National."



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