Aldar Properties made a net profit attributable to owners of $182.2mln in the three months ending March 31, 2018
ABU DHABI - Aldar Properties, the largest developer in Abu Dhabi, on Tuesday reported a five percent rise in first quarter profit, beating estimates.
The state-linked builder of Abu Dhabi’s Formula One circuit, made a net profit attributable to owners of 669 million dirhams ($ 182.2 million) in the three months ending March 31, 2018, its financial results showed.
SICO Bahrain and EFG Hermes forecast that Aldar would make a net profit of 593.28 million dirhams and 602.53 million dirhams respectively.
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