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Sorouh records Dh534 million profit
ABU DHABI — Sorouh Real Estate PJSC has announced a net profit of Dh534 million for the period from July 31, 2005 to March 31, 2006. The company earnings amounted to 21 fils per share for the same period.
The financial statements that have been sent to Abu Dhabi Securities Market indicate that Sorouh's investments in real estate projects amount to Dh584 million and the company’s total assets amount to Dh3.4 billion.
"The company has made a positive and profitable start to its operating activities," said Saeed Al Ghafli, Chairman of the Sorouh board ofdirectors.
"We are very positive on the future of the property market in Abu Dhabi," he added.
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