DUBAI, July 20 (Reuters) - Dubai's Deyaar Development reported a 30.1 percent fall in second-quarter net profit on Wednesday, according to Reuters calculations.
The company made a profit of 60 million dirhams ($16.34 million)in the three months to June 30, Reuters calculated from financial statements in the absence of a quarterly breakdown.
This compares with a profit of 85.8 million dirhams in the corresponding period of 2015.
Deyaar made a net profit of 111 million dirhams in the first half of the year, it said in a statement which didn't give a comparative figure. According to Reuters data, Deyaar made 116.6 million dirhams in the corresponding period of 2015.
($1 = 3.6723 UAE dirham)
(Reporting by Tom Arnold; Editing by David French) ((davidj.french@thomsonreuters.com; +971 4 362 5864; Reuters Messaging: davidj.french.thomsonreuters.com@reuters.net))
The company made a profit of 60 million dirhams ($16.34 million)in the three months to June 30, Reuters calculated from financial statements in the absence of a quarterly breakdown.
This compares with a profit of 85.8 million dirhams in the corresponding period of 2015.
Deyaar made a net profit of 111 million dirhams in the first half of the year, it said in a statement which didn't give a comparative figure. According to Reuters data, Deyaar made 116.6 million dirhams in the corresponding period of 2015.
($1 = 3.6723 UAE dirham)
(Reporting by Tom Arnold; Editing by David French) ((davidj.french@thomsonreuters.com; +971 4 362 5864; Reuters Messaging: davidj.french.thomsonreuters.com@reuters.net))
