UPDATE 1-Dubai's DAMAC Q1 profit drop due to special factors

April 22, 2015 11:05 AM

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* No plans to raise fresh debt (Updates with company's comments on earnings statement)

DUBAI, April 22 (Reuters) - Dubai's DAMAC Properties reported a 38 percent fall in first-quarter net profit on Wednesday, despite surging revenue, because of the effect of a big one-off gain a year ago.

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