Profit at Dubai developer Deyaar falls 43% to Dh38.7m in the fourth quarter | The National:
"Dubai’s Deyaar Development fourth-quarter profit fell 43 per cent, Reuters calculated based on major shareholder Dubai Islamic Bank’s financial statement that was published on Sunday.
Deyaar, one of the companies worst hit by Dubai’s property market collapse in 2009-2011, made a quarterly profit of Dh38.7 million in the three months to December 31, according to Reuters calculations.
This compares with a profit of Dh67.4m in the corresponding period of 2013, Reuters data shows."
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