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04-Feb-2016

Nakheel 2015 net income grows 19% Y-o-Y

Nakheel reported a net profit figure of AED4.38 billion for 2015, up 19% Y-o-Y, without giving any further figures for the period. Management indicated that the share of revenue from retail and residential activities has increased, in line with the plan. Management also added that the company handed over 847 units to customers in Palm Jumeirah, Al Furjan, International City, Jumeirah Village, Jumeirah Park, and Jumeirah Heights. This brings the total delivered units to 9,700 units since 2010. (Arabian Business)

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