Lack of interest
Damac properties released its Q3 2017 results showing a 31% increase, yoy, in its revenue to AED2.29bn and reported a third consecutive profit decline as direct costs increased by 69.8% in Q3 2017 compared with the same period in 2016. As a result, the gross margin deteriorated to 41.5% in Q3 2017 (vs. 54.8% in Q3 2016). Nearly AED800m of advances from customers were recognised as revenues in Q3 2017, pulling down the CF from operating activities from AED233m to AED72m.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.