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FINANCIAL NEWS
Abu Dhabi’s Aldar hits USD615.17m net profit in 2014
12 Feb 2015
(MENAFN) UAE-based Aldar properties logged a net profit of USD615.17 million in 2014 on revenues of USD1.78 billion, , Gulf News reported.
Due to a massive boost by the opening of the Yas Mall in November, Abu Dhabi’s Aldar had a solid end to the fourth quarter of 2013, in which net profits reached USD195.4 million, up 77 percent from a year before.
‘2014 has been an exceptional year for Aldar – we have executed successfully against a clear strategy and delivered on our promises of strengthening our balance sheet, thereby improving the quality of our earnings,’ CEO said in a statement.
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