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Tasweek Real Estate Development and Marketing, an adviser and solutions provider serving the real estate markets, has announced that its Board of Directors has distributed 60 per cent of its 2013 profits to shareholders as bonus shares.
This follows the company's recent report of a record-breaking profit in 2013 that surpassed the total of all prior years to continue an excellent five-year profit run.
The Abu Dhabi — based property specialist posted a phenomenal increase in profit over 2012 driven mainly by a 77 per cent increase in annual revenues. TASWEEK also boosted its Net Profit Ratio by 60 per cent in 2013 to top the previous year's 50 per cent. Its investment portfolio expanded by 27 per cent for the same period and saw the launching of various key projects such as a mixed-use hospital/hospitality/residential complex in Morocco and a hospitality and residential development in Malaysia.
Source: Staff Report, gulfnews.com