Dubai developer Nakheel's Q3 profit up 42 pct

Dubai developer Nakheel's Q3 profit up 42 pct:

"Dubai developer Nakheel reported a 42.4 percent increase in third quarter net profit on Wednesday, Reuters calculations showed. The developer behind Dubai’s palm-shaped islands made a 1.36 billion dirham ($370.28 million) profit in the July-September period, up from 955 million dirhams, Reuters calculated based on a nine-month earnings statement. It made 4 billion dirham profit for the nine months to September 30, up 2.3 percent, the state-owned developer said."



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