Dubai developer Nakheel reported 22% rise in 4Q16 net profit
Dubai property developer Nakheel reported a net income of AED955mn (USD260mn) in 4Q16, an increase of 22% compared to AED781mn in 4Q15, the company said in a statement. Net profit for FY16 reached AED4.96bn, an increase of 13% Y-o-Y from AED4.38bn in FY15, the release further stated. (Reuters)
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