PHOTO
Image used for illustrative purpose. Visitors walk past the stand belonging to real estate developer Deyaar during the Cityscape real estate exhibition in Dubai October 2, 2012. Ahmed Jadallah, Reuters
Dubai property developer Deyaar on Tuesday reported a surge full year 2022 net profit to 144 million dirhams ($39 million) versus AED 50.8 million in the same period of 2021.
Revenues rose nearly 62% over the same period on the back of a progress in construction activities, the developer said in a regulatory filing on DFM.
The net profit came ahead of analysts' mean estimate of AED129 million complied by data provider Refinitiv.
(Writing by Brinda Darasha; editing by Seban Scaria)
