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FINANCIAL NEWS
Abu Dhabi’s Aldar records USD28.5m in Q3
04 Nov 2011
(MENAFN) Abu Duabi-based Aldar Properties recorded a third quarter profit of USD28.5 million, compared to a USD144 million losses a year earlier, Gulf news reported.
Abu Dhabi’s largest developer said it posted a USD91.2 million in the nine months to September from USD297.1 million a year earlier.
Revenues reached USD911.1 million for the nine months to September, compared to USD184.4 million a year earlier, according to Aldar.
The company was forced to sell assets including Ferrari World, the world’s largest indoor theme park, as part of its debt rescue plan.
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