Arab Today, arab today sorouh real estate reports q2 net profit
Last Updated : GMT 12:21:06
Arab Today, arab today
Arab Today, arab today

Sorouh Real Estate reports Q2 net profit

Arab Today, arab today

Arab Today, arab today Sorouh Real Estate reports Q2 net profit

Abu Dhabi - Arabstoday

Sorouh Real Estate, Abu Dhabi\'s second biggest developer, reported on Thursday that its second quarter net profit more than tripled year-on-year to Dh125.3 million from the handover of units on Reem Island. Sorouh\'s ongoing handover of properties, primarily at the Sun and Sky Towers development, along with a sharp drop in bad debt provisions saw the company make a half year net profit of Dh201.6 million, up from Dh151.9 million in the first six months of 2010, the developer said in a statement to Abu Dhabi\'s bourse. Revenues for the second quarter were Dh1.22 billion compared to Dh189.8 million in the year-ago period. \"The significant increase in our revenues and profitability has been driven principally by the handover of Sun and Sky Towers, the first completed development on Al Reem Island,\" said Abubaker Seddiq Al Khouri, Sorouh\'s managing director. Article continues below \"The handover is very much on track and has already generated over Dh1 billion of revenues during the first half. Nearly 150 families have now moved into Sun and Sky towers, which are now starting to feel like a real community,\" he added.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sorouh real estate reports q2 net profit Arab Today, arab today sorouh real estate reports q2 net profit

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sorouh real estate reports q2 net profit Arab Today, arab today sorouh real estate reports q2 net profit

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday