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Thu 21 Apr 2016 10:41 AM

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Dubai developer Deyaar's Q1 net profit falls 7.6%

The company made a profit of $13.89 million in the three months to March 31

Dubai developer Deyaar's Q1 net profit falls 7.6%

Dubai's Deyaar Development reported a 7.6 percent fall in first-quarter net profit on Thursday.

The company made a profit of 51 million dirhams ($13.89 million) in the three months to March 31, it said in a statement.

Deyaar did not state its profit for the prior-year period, but Reuters data shows the developer made a net profit of 55.2 million dirhams in the first three months of 2015.

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