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FINANCIAL NEWS
Abu Dhabi’s Aldar posts 9 percent grow in profits
02 Aug 2016
(MENAFN) Aldar Properties recorded an increase of 9 percent in net profits amid the second quarter of this year, which reached USD178.01mn, compared to USD16.5mn in 2015.
Moreover, the firm posted revenues of USD0.46bn for the cited quarter, whereas profits grew in the first half to reach 12 percent or USD0.35bn.
Additionally, revenues increased by 28 percent to USD0.79bn in the cited half of this year, compared with USD0.62bn in H1 last year.
Accordingly, off-plan development sales surpassed USD0.27bn; USD255.85mn in Aldar developments, driven by Yas Acres and Mayan; USD24.49mn from West Yas.
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BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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