Damac Properties to approve results on February 10

Dubai: Damac Properties said on Sunday it will approve its 2015 results on February 10 at its board meeting.

The company will also discuss and approve its business plan for 2016, the property major said in a statement.

The company reported a net profit attributable to shareholders of Dh1.02 billion for the three months to September 30, up from Dh706.4 million a year earlier.

Damac’s third-quarter revenue of Dh2.02 billion included land sales worth Dh491.6 million.