Nakheel Profit Soars To $771M

Thursday, October 16, 2008

Dubai government-owned developer Nakheel has reported that its first-half profit soared to $770.5m on higher sales. Net income in the first half of 2007 was Dhs121.1m ($32.9m), according to a statement on the website of the Dubai International Financial Exchange (DIFX). Revenue from sales to external customers rose almost $6.95bn from 2.17bn in the corresponding period last year, reported Reuters.

Source: AME Info

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