Higher Revenues, lower earnings, and better quality
Deyarr Properties has released its Q1 2017 figures showing a total revenue of AED141m, 2.35x its revenue a year earlier. Despite its Gross Margin decrease (34% in Q1 2017 vs. 49% in Q1 2016), the company’s gross profit jumped to AED49m (64% yoy).The company continued to carefully manage its General and administrative expenses, which stood at AED35m (25% of its revenue) in Q1 2017 in comparison to AED31m (53% of its revenue) in Q1 2016.
On the balance sheet side, the company kept its string prosition with a negative gearing of -2%.
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