Dubai – Mubasher: Deyaar Development posted a 52.5% decline year-on-year in its profits during the fourth quarter of 2016, according to a bourse filing.
Net profits reached AED 48.15 million ($13.11 million) in Q4-16, compared to AED 101.42 million ($27.61 million) in Q4-15.
In 2016, net profits fell 25.8% to AED 216.15 million from AED 291.35 million recorded in 2015.
