{"id":54821,"date":"2017-05-15T15:58:37","date_gmt":"2017-05-15T08:58:37","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=54821"},"modified":"2017-05-15T14:11:01","modified_gmt":"2017-05-15T07:11:01","slug":"damac-properties-q1-profit-down-16-2","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-properties-q1-profit-down-16-2\/","title":{"rendered":"Damac Properties Q1 profit down 16.2%"},"content":{"rendered":"


\nDubai’s Damac Properties reported a 16.2 per cent fall in first-quarter net profit on Monday as sales costs rose.The developer reported a net profit of Dh880.4 million for the three months to March 31, down from Dh1.05 billion in the same period last year, according to a statement to Dubai’s bourse.The property firm’s first-quarter revenue was Dh1.95bn, up from the Dh1.62bn it posted in the same period a year earlier. The firm’s cost of sales rose to Dh887.3m in the quarter, from Dh632m in the same period of last year.
\n* Reutersbusiness@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Damac Properties Q1 profit down 16.2%<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dubai’s Damac Properties reported a 16.2 per cent fall in first-quarter net profit on Monday...<\/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-54821","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-egd","jetpack-related-posts":[{"id":88259,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-properties-posts-45-drop-in-q1-net-profit\/","url_meta":{"origin":54821,"position":0},"title":"Damac Properties posts 45% drop in Q1 net profit","date":"May 15, 2018","format":false,"excerpt":"\r Dubai developer says profit level hit by the cost of sales but still higher than previous quarter\r \r Source : arabianbusiness.com\r Read more...Damac Properties posts 45% drop in Q1 net profit","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33442,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-damac-properties-q3-profit-slips-11-7\/","url_meta":{"origin":54821,"position":1},"title":"Dubai's Damac Properties Q3 profit slips 11.7%","date":"November 7, 2016","format":false,"excerpt":"\r Damac expects full year sales to exceed $1.9 billion\r \r Source : arabianbusiness.com\r Read more...Dubai's Damac Properties Q3 profit slips 11.7%","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33350,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-profit-slips-as-it-looks-ahead-to-stronger-performance-from-dubai-property-market-2\/","url_meta":{"origin":54821,"position":2},"title":"Damac profit slips as it looks ahead to stronger performance from Dubai property market","date":"November 7, 2016","format":false,"excerpt":"\r Damac Properties reported an 11.7 per cent fall in third quarter profits, as the developer's chairman acknowledged that 2016 would be remembered as \"the year of market turmoil and macroeconomic pressures\". Damac, the company behind Dubai's Akoya development, said its profit for the three months to the end of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12416,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-properties-reports-15-drop-in-q1-profit-on-lower-revenues\/","url_meta":{"origin":54821,"position":3},"title":"Damac Properties reports 15% drop in Q1 profit on lower revenues","date":"May 9, 2016","format":false,"excerpt":"\r The luxury property developer said it expects to deliver between 2,700 to 3,000 units across its portfolio during 2016\r \r Source : arabianbusiness.com\r Read more...Damac Properties reports 15% drop in Q1 profit on lower revenues","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33346,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-profit-slips-as-it-looks-ahead-to-stronger-performance-from-dubai-property-market\/","url_meta":{"origin":54821,"position":4},"title":"Damac profit slips as it looks ahead to stronger performance from Dubai property market","date":"November 7, 2016","format":false,"excerpt":"\r Damac Properties reported an 11.7 per cent fall in third quarter profits, as the developer's chairman acknowledged that 2016 would be remembered as \"the year of market turmoil and macroeconomic pressures\". Damac, the company behind Dubai's Akoya development, said its profit for the three months to the end of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4414,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-damac-properties-q4-net-profit-falls-12\/","url_meta":{"origin":54821,"position":5},"title":"Dubai's Damac Properties Q4 net profit falls 12%","date":"February 11, 2016","format":false,"excerpt":"\r Chairman Hussain Sajwani said he expects the property market in Dubai in 2016 to \"demonstrate its resilience against the background of the challenging economic environment\"\r \r Source : arabianbusiness.com\r Read more...Dubai's Damac Properties Q4 net profit falls 12%","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\/54821"}],"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=54821"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/54821\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=54821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=54821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=54821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}