Abu Dhabi’s Eshraq Properties Approves 10% Share Buy-Back

The company made a net profit of Dhs109.3 million in the third quarter of 2014, down from Dhs140.8 million in the year-earlier period.



Eshraq Properties’ board of directors has approved a 10 per cent share buy-back, the Abu Dhabi developer said on Sunday.

Eshraq also revealed a sharp drop in third-quarter net profit in filings to Abu Dhabi’s bourse.

The company made a net profit of Dhs109.3 million ($29.76 million) in the three months to Sept. 30, down from Dhs140.8 million in the year-earlier period.

Comments

comments