(MENAFN) Dubai's Deyaar Development said that it has registered a decline by 43 percent in its net profit during the October-December period of 2014, Gulf Business reported.
During the fourth quarter of 2014, Deyaar, one of the companies worst hit by Dubai's property market collapse in 2009-2011, recorded a net profit of USD10.54 million, which is compared with USD18.34 million posted during the corresponding period of 2013.
The company also said that during 2014, the company's annual profit reached USD63.06 million compared with USD42.05 million recorded in 2013.
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