January 26, 2016 / 12:59 PM / 2 years ago

Dubai proprety developer Deyaar Q4 net profit rises 14 pct

DUBAI, Jan 26 (Reuters) - Dubai's Deyaar Development reported a 14 percent rise in fourth-quarter net profit on Tuesday.

The company made a profit of 101.5 million dirhams ($27.63 million) in the three months to Dec. 31, Reuters calculated based on its annual financial statement in lieu of a quarterly breakdown.

This compares with a profit of 88.8 million dirhams in the corresponding period of 2014.

An analyst at SICO Bahrain, polled by Reuters, forecast Deyaar would make a net loss in the quarter of 28.9 million dirhams.

Deyaar's 2015 net profit was 291.4 million dirhams, up from 281.9 million dirhams in 2014, it said in an emailed statement.

$1 = 3.6730 UAE dirhams Reporting by Matt Smith; Editing by Tom Arnold

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