AGL 40.14 Increased By ▲ 0.14 (0.35%)
AIRLINK 131.73 Increased By ▲ 2.20 (1.7%)
BOP 6.82 Increased By ▲ 0.14 (2.1%)
CNERGY 4.55 Decreased By ▼ -0.08 (-1.73%)
DCL 8.85 Decreased By ▼ -0.09 (-1.01%)
DFML 42.01 Increased By ▲ 0.32 (0.77%)
DGKC 83.94 Increased By ▲ 0.17 (0.2%)
FCCL 33.00 Increased By ▲ 0.23 (0.7%)
FFBL 76.70 Increased By ▲ 1.23 (1.63%)
FFL 12.04 Increased By ▲ 0.57 (4.97%)
HUBC 109.75 Decreased By ▼ -0.80 (-0.72%)
HUMNL 14.40 Decreased By ▼ -0.16 (-1.1%)
KEL 5.48 Increased By ▲ 0.09 (1.67%)
KOSM 8.26 Decreased By ▼ -0.14 (-1.67%)
MLCF 39.32 Decreased By ▼ -0.47 (-1.18%)
NBP 64.90 Increased By ▲ 4.61 (7.65%)
OGDC 197.45 Decreased By ▼ -2.21 (-1.11%)
PAEL 25.83 Decreased By ▼ -0.82 (-3.08%)
PIBTL 7.61 Decreased By ▼ -0.05 (-0.65%)
PPL 157.75 Decreased By ▼ -0.17 (-0.11%)
PRL 26.30 Decreased By ▼ -0.43 (-1.61%)
PTC 18.34 Decreased By ▼ -0.12 (-0.65%)
SEARL 81.71 Decreased By ▼ -0.73 (-0.89%)
TELE 8.09 Decreased By ▼ -0.22 (-2.65%)
TOMCL 34.34 Decreased By ▼ -0.17 (-0.49%)
TPLP 8.80 Decreased By ▼ -0.26 (-2.87%)
TREET 16.80 Decreased By ▼ -0.67 (-3.84%)
TRG 59.01 Decreased By ▼ -2.31 (-3.77%)
UNITY 27.55 Increased By ▲ 0.12 (0.44%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 10,604 Increased By 197.1 (1.89%)
BR30 31,724 Increased By 10.5 (0.03%)
KSE100 98,779 Increased By 1450.1 (1.49%)
KSE30 30,722 Increased By 529.9 (1.76%)

Dubai's Nakheel achieved a 4 percent rise in third-quarter net profit, Reuters calculations showed, after the state-owned developer announced its nine-month results on October 21. Nakheel, which agreed a $16 billion debt restructuring in August 2011, made a profit of 3.61 billion dirhams ($982.87 million) in the nine months to September 30, up from 2.6 billion dirhams a year earlier, it said in a statement.
The company, one of the developers worst hit by Dubai's real estate crash, did not state its revenue or reveal other financial details, but said the profit jump was mainly due to the handover of completed homes to buyers, plus its "growing retail, leasing and leisure businesses".
Nakheel made a third-quarter profit of 780 million dirhams, up from 750 million dirhams in the prior-year period, Reuters calculated based on its previous financial statements.
"Our strategy of continuing to create more cash-generating assets will further boost our business and financial results in the coming years," Nakheel chairman Ali Rashid Lootah said in the statement.

Copyright Reuters, 2015

Comments

Comments are closed.