Dubai’s Nakheel made a 2010 profit of Dh860 million ($234.1 million) and sees a rise in revenue this year as the property developer revamps its operations post its $16 billion debt restructuring, its chairman told a local newspaper.
The rise in profit, which provided a strong boost for the company after the 2009 real estate crash left it financially crippled, was due to an increase in the company’s activities, said chairman Ali Rashid Lootah in Arabic language daily al-Khaleej on Sunday, without elaborating……………………………………….Full Article: Source