Dubai: Dubai’s Tecom Group has come up with net profits of Dh360.8 million for the January to March 2025 period, and quite a healthy gain on the Dh292.5 million from the year ago status.
The company, one of Dubai’s biggest names in the commercial real estate space. Has in recent quarters been a major beneficiary from the sustained demand for offices, warehousing and industrial space in the emirate. It’s Dubai Industrial City, in particular, continues to rope in significant investments from tenants, while Dubai Design District (better known as d3) is in an expansion mode.
Revenues for Tecom in Q1-25 totaled Dh679.7 million, more than Dh100 million over the tally a year ago.
On DFM, the stock is at Dh3.09, after it dropped 0.9% on Thursday (May 1). The 52-week high is Dh3.4.
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