Nakheel:

* FY NET PROFIT 4.38 BILLION DIRHAMS

* UNDER CORE BUSINESS, RESIDENTIAL DEVELOPMENT, NAKHEEL HANDED OVER 657 LAND AND BUILT FORM UNITS IN 2018

* CONTINUES TO FOCUS ON GROWING RETAIL, HOSPITALITY AND LEASING BUSINESSES, WHICH ALL PERFORMED STRONGLY IN 2018, GENERATING REVENUES OF AED2.5 BILLION FROM AN INCREASING PORTFOLIO OF PROJECTS

* SAYS TARGETING SUBSTANTIAL INCREASE IN ANNUAL RECURRING REVENUE IN NEXT FIVE YEARS AS PART OF SUSTAINABLE GROWTH STRATEGY

* SAYS A RANGE OF NEW PROJECTS COMING ON LINE IN THE NEXT 18 MONTHS TO TWO YEARS THAT WILL CONTRIBUTE TO THE PROJECTED INCREASE ONCE FULLY OPERATIONAL

((Reuters.Briefs@thomsonreuters.com;))