{"id":44053,"date":"2017-02-14T16:46:33","date_gmt":"2017-02-14T09:46:33","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=44053"},"modified":"2017-02-14T13:54:51","modified_gmt":"2017-02-14T06:54:51","slug":"damac-properties-fourth-quarter-net-profit-rises-1-3","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-properties-fourth-quarter-net-profit-rises-1-3\/","title":{"rendered":"Damac Properties' fourth-quarter net profit rises 1.3%"},"content":{"rendered":"


\nDamac Properties reported a 1.3 per cent rise in its fourth-quarter net profit on Tuesday.The developer reported a net profit of Dh854.6 million for the three months to December 31, Reuters calculated in the absence of a quarterly breakdown. This was up from Dh844m reported for the year-ago period.Full-year 2016 net profit was Dh3.69 billion, down from Dh4.51bn in 2015, the company said.The company said its shareholders had approved the distribution of a cash dividend of 25 fils dirhams per share for 2016. That compares with 15 fils per share for the previous year. * Reutersbusiness@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Damac Properties’ fourth-quarter net profit rises 1.3%<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Damac Properties reported a 1.3 per cent rise in its fourth-quarter net profit on Tuesday.The...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-44053","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-bsx","jetpack-related-posts":[{"id":44123,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/signs-of-momentum-for-dubai-property-sector\/","url_meta":{"origin":44053,"position":0},"title":"Signs of momentum for Dubai property sector","date":"February 15, 2017","format":false,"excerpt":"\r Two of Dubai's largest property developers reported on Tuesday a boost in fourth-quarter net profit, prompting further hopes of a Dubai market recovery.Burj Khalifa developer Emaar Properties said net profit for the three months to the end of December 2016 increased by 56 per cent, climbing to Dh1.61 billion\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44103,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-properties-fourth-quarter-net-profit-up-56\/","url_meta":{"origin":44053,"position":1},"title":"Emaar Properties fourth-quarter net profit up 56%","date":"February 14, 2017","format":false,"excerpt":"\r Dubai's Emaar Properties reported a 56 per cent rise in fourth-quarter net profit on Tuesday.The developer, in which Dubai's government owns a minority stake, made a net profit of Dh1.61 billion in the three months to December 31.That compares with a profit of Dh1.03bn in the year-earlier period.Sico Bahrain\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44117,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-properties-says-fourth-quarter-net-profit-up-56\/","url_meta":{"origin":44053,"position":2},"title":"Emaar Properties says fourth-quarter net profit up 56%","date":"February 14, 2017","format":false,"excerpt":"\r Dubai's Emaar Properties reported a 56 per cent rise in fourth-quarter net profit on Tuesday.The developer, in which the Dubai Government owns a min\u00adority stake, made a net profit of Dh1.61 billion in the three months to December 31.That compares with a profit of Dh1.03bn a year-earlier.Sico Bahrain and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44113,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/manazel-real-estate-profit-rises-16-in-second-half\/","url_meta":{"origin":44053,"position":3},"title":"Manazel Real Estate profit rises 16% in second half","date":"February 14, 2017","format":false,"excerpt":"\r Manazel Real Estate reported a 16 per cent rise in profit during the second half of 2016, following a company-wide restructuring exercise and high take-up of its Al Reef 2 project.The Abu Dhabi-based real estate developer on Tuesday registered profits of Dh175.3 million for the second half of 2016,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44111,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arkan-building-materials-annual-profit-declines-25\/","url_meta":{"origin":44053,"position":4},"title":"Arkan Building Materials annual profit declines 25%","date":"February 14, 2017","format":false,"excerpt":"\r Abu Dhabi-based Arkan Building Materials reported a 25 per cent drop in full-year profit as market pressure on prices also drove down revenues.Net profit fell to Dh75.7 million compared to the previous year's Dh101.1m because of damage from the heavy rainstorm that hit the UAE last March.Pressure on market\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44097,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/drake-sculls-2016-net-loss-narrows-to-dh787-million\/","url_meta":{"origin":44053,"position":5},"title":"Drake & Scull's 2016 net loss narrows to Dh787 million","date":"February 14, 2017","format":false,"excerpt":"\r The Dubai construction firm Drake & Scull reported a 2016 net loss of Dh786.9 million on Tuesday, narrowing from a loss of Dh938.8m in the previous year.Revenue shrank to Dh3.24 billion last year from Dh4.2bn in 2015. The contractor's net loss for the fourth quarter of 2016 amounted to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/44053"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=44053"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/44053\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=44053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=44053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=44053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}