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Damac triples full-2013 net income

: Wednesday, March 05 - 2014 @ 12:10

Dubai-based developer, Damac Real Estate Development has said full-2013 profit has tripled, as sales climbed and margins widened, Bloomberg has reported. Net income rose to $641.5m from $212.5m a year earlier, while revenue surged 77% to $1.22bn. Bookings jumped to $2.46bn from $661m a year earlier, said Damac.

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Wednesday, March 5- 2014 @ 12:10 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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