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DAMAC reports widening loss as sales almost halve
Developer makes $52mln Q1 net loss on lower revenue recognition.
Damac Properties' 2020 loss widens to $283m
Damac Properties has posted an AED1.04 billion ($283 million) net loss for 2020 compared to AED37 million ($10 million) the year before.
Damac reveals over one billion dirhams in losses for 2020
There is a clear pattern forming with Damac at the moment that they are continuing to build residential developments, but evidently, from their results, they are not selling enough property.
Damac Properties slips into massive Dh931m loss in first nine months of 2020
Dubai developer, however, managed improved revenues in a tough operating environment
Damac Properties reports Q2 2020 net loss of AED 280.5 m
The company reported a loss of Dh280.5m for the three months ending June 30
Damac says no approach made so far on take-private bid
Damac Properties slipped to a loss in Q1 2020 despite higher revenue.
Damac sees drastic profit, revenue fall
Damac Properties recorded a sharp decline (46 per cent) in nine-month revenues to Dh2.8 billion from Dh5.2 billion. Net profit was down to Dh133 million from Dh1.1 billion a year ago, a drop of almost 88 per cent.
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