Dubai's Damac Properties Q2 net profit drops 37.4 pct

August 14, 2016 4:31 AM

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DUBAI Aug 14 Dubai's DAMAC Properties reported a 37.4 percent fall in second-quarter net profit on Sunday.

The developer reported a net profit of 886.8 million dirhams ($241.4 million) for the three months to June 30, according to a statement to Dubai's bourse. This was down from 1.42 billion dirhams a year earlier.

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