DAMAC's first-quarter profits drop 94% as Dubai property market slumps - Reuters:
Dubai’s DAMAC Properties , the owner and operator of the only Trump-branded golf club in the Middle East, reported a 94% annual drop in first-quarter net profit, pressured by a slump in the emirate’s property market.
DAMAC said on Wednesday its net profits in the first three months of the year amounted to 31.1 million dirhams ($8.47 million), against 483.9 million dirhams during the same period a year earlier.
EFG Hermes had forecast a net profit of 270 million dirhams.
No comments:
Post a Comment