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FINANCIAL NEWS
Abu Dhabi-Aldar Q1 profit grows 14.1 percent
10 May 2016
(MENAFN) Abu Dhabi’s Aldar Properties posted a 14.1 percent increase in Q1 this year, maintaining its increasing earnings.
The firm recorded higher profits in nine of the preceding 10 quarters, made a profit attributable to equity holders of USD 176.7mn in the cited quarter.
On the other hand, last year the firm registered a profit of USD 154.79mn, while SICO Bahrain predicted that it would make a profit of USD 123.46mn.
The developer revised its earnings statement for the cited quarter of 2015, after adopting the IFRS 15 accounting policy.
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