Wednesday, 15 August 2018

Nakheel reports 3.83% fall in first-half profit to Dh2.51b | GulfNews.com

Nakheel reports 3.83% fall in first-half profit to Dh2.51b | GulfNews.com:

Nakheel reported a 3.83 per cent decline in first-half net profit to Dh2.51 billion compared to Dh2.61 billion a year ago.

The property developer handed over 451 units to customers in the first six months of the year.

Annual revenues from non-development businesses — retail, leasing, hospitality and asset management — are now Dh2.6 billion and currently accounts for 38 per cent of the company’s total revenue.

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