DAMAC Properties reported on February 14 a 1.3% increase in net profit worth AED 854.6mn in Q4FY2016, in comparison AED 844mn in Q4FY2015, Invest-Gate reports.

In a report, the company revealed that it enjoyed full-year 2016 net profit worth AED 3.69 bn, down from Dh4.51bn in 2015.

DAMAC also added that its shareholders approved the distribution of a cash dividend of 25 fils per share for 2016, compared to 15 fils per share for the previous year.