First Dubai Real Estate Development Company K.S.C.P. reported consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net profit of KD 250,738 or KD 0.25 per share against KD 689,087 or KD 0.70 per share a year ago. Operating profit was KD 2,902,703 against KD 2,011,671 a year ago. Total operating revenue was KD 784,954 against KD 836,717 a year ago.

For the nine months, the company reported net profit of KD 1,203,122 or KD 1.20 per share against KD 1,863,884 or KD 1.87 per share a year ago. Operating profit was KD 5,941,922 against KD 4,839,154 a year ago. Total operating revenue was KD 2,190,811 against KD 2,146,762 a year ago. The decrease in the net profit is mainly due to increase the finance costs by KD 754,320 compared to the same period a year ago.