damac real estate development limited reports … · damac real estate development limited reports...
TRANSCRIPT
![Page 1: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/1.jpg)
DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016
DAMAC Real Estate Development Limited (“DAMAC” or the "Company"), a leading developer of high-end and luxury residential property in the Middle East, announces results for the half year ending 30 June 2016.
Financial Statements are available at:
https://www.damacproperties.com/en/investor-relations/financial-information/damac-real-estate-development-limited/financial-statements
Performance Highlights
Revenue at $917.8 million for 1H 2016
Gross profit at $538.0 million for 1H 2016
Net Profit at $527.2 million for 1H 2016
Total assets stood at $6,397.7 million as at 30 June 2016.
Gross Debt stood at $1,014.6 million as at 30 June 2016 representing Gross debt to
equity ratio of 0.34.
Cash and bank balance stands at $2,395.8 million as at 30 June 2016
Booked Sales of $986.4 million for 1H 2016
Total deliveries of 494 units in 1H 2016
-end-
For further information: [email protected]
![Page 2: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/2.jpg)
![Page 3: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/3.jpg)
![Page 4: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/4.jpg)
![Page 5: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/5.jpg)
![Page 6: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/6.jpg)
![Page 7: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/7.jpg)
![Page 8: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/8.jpg)
![Page 9: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/9.jpg)
![Page 10: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/10.jpg)
![Page 11: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/11.jpg)
![Page 12: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/12.jpg)
![Page 13: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/13.jpg)
![Page 14: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/14.jpg)
![Page 15: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/15.jpg)
![Page 16: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/16.jpg)
![Page 17: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/17.jpg)
![Page 18: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/18.jpg)
![Page 19: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/19.jpg)
![Page 20: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/20.jpg)
![Page 21: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/21.jpg)
![Page 22: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/22.jpg)
![Page 23: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/23.jpg)
![Page 24: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/24.jpg)
![Page 25: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/25.jpg)
![Page 26: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/26.jpg)
![Page 27: DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports … · DAMAC REAL ESTATE DEVELOPMENT LIMITED Reports net profit of $527 million in first half of 2016 DAMAC Real Estate Development Limited](https://reader033.vdocuments.mx/reader033/viewer/2022052420/5ad71b467f8b9a5b538c344f/html5/thumbnails/27.jpg)