October 19, 2016 / 8:11 AM / a year ago

Dubai developer Nakheel Q3 profit rises 22 pct

DUBAI, Oct 19 (Reuters) - Dubai real estate developer Nakheel reported a 22 percent jump in third-quarter profit on Wednesday.

* Nakheel made a profit of 955 million dirhams ($26.1 million) in the three months to Sept. 30, up from 781 million dirhams a year earlier, according to its statement

* Net profit for the first nine months of 2016 was 3.91 billion dirhams, up from the 3.61 billion dirhams in the corresponding period of last year

* Nakheel said it had settled 4.4 billion dirhams of sukuk held by trade creditors, which had been due on Aug. 25 (Reporting by Hadeel Al Sayegh; Editing by Andrew Torchia)

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