Al-Mazaya records AED 82 million net profit

Al-Mazaya Holding has achieved a net profit of AED 82.34m until the end of the third quarter 2015. This compared to AED 69.30m in the corresponding period in 2014 representing an increase of 18.8%. The profit is equivalent to 13.29 fils per share compared to 11.19 fils per share in the corresponding period in 2014. Speaking after an October 13 board meeting, Mazaya Group CEO Eng. Ibrahim Al Soqabi said: “Al Mazaya Holding has achieved strong results in the first nine months of the year by focusing on increasing sales and ensuring sale and leasing activities met delivery schedules. Occupancy rates in revenue-generating projects were also increased."