Dubai developer Nakheel's Q4 profit up 58 pct

Dubai developer Nakheel's Q4 profit up 58 pct:

"Dubai developer Nakheel reported a 58 percent increase in fourth-quarter net profit on Wednesday. The developer behind Dubai’s palm-shaped islands made a net profit of 1.67 billion dirham ($454.8 million) in the October-December period, up from 1.06 billion dirham in the same year ago period. Annual net profit grew 14 percent to 5.67 billion dirham, according to a company statement."



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