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(AFX UK Focus) 2009-11-22 05:15
CORRECTED-Dubai's Tamweel Q3 net profit plunges 95 pct
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DUBAI, Nov 22 (Reuters) - Dubai's Tamweel recorded a third-quarter net profit of 10 million dirhams ($2.72 million), down 95 percent from the year-earlier period, and took impairment provisions of 53 million dirhams in the quarter, it said on Sunday.
The Islamic mortgage lender made a net loss of 65 million dirhams in the first nine months of the year, the firm said in a statement on Dubai's bourse website.
Tamweel made a net profit of 185.7 million dirhams in the third quarter last year.
(Reporting by Jason Benham; Editing by Thomas Atkins) ($1=3.673 dirhams) Keywords: TAMWEEL EARNINGS/ Keywords: TAMWEEL EARNINGS/

(jason.benham@thomsonreuters.com; +971 4 391 8301; Reuters Messaging: jason.benham.reuters.com@reuters.net)

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