Dubai’s Deyaar Net Profit Drops by 52% in Q4FY2016

Thursday, 26th January 2017

Dubai-based developer Deyaar’s net profit fell 52.4% y-oy  in Q4FY2016 to USD 13.2 mn USD 27.6 mn in the corresponding period of 2015, according to a DFM statement,

Rising from USD 67 mn in 2015, Deyaar made a full-year revenue of USD 116,607,68 in 2016. The increase progress on its The Atria and Mont Rose projects, Deyaar said, without commenting on the net profit decline.

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