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FINANCIAL NEWS
Abu Dhabi’s Aldar Properties gains 17.9pct in Q3 profits
08 Nov 2016
(MENAFN) Abu Dhabi’s Aldar Properties recorded 17.9 percent increase in third-quarter net profit.
Net profit attributable to the owners was USD203.6mn for the cited period, compared with a profit of 634.3mn dirhams in the same period of 2015.
In addition, total net profit for the period increased by 16 percent to 737.1mn dirhams, from 638.2mn dirhams in the same period of 2015.
Accordingly, Aldar would make a quarterly profit of 480.26mn dirhams and EFG Hermes predicted earnings of 682.06mn dirhams.
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