UAE's Aabar Investments Q4 net profit rises 9 pct

* username: rupertbu

UAE's Aabar Investments AABAR.AD on Monday posted a 9 percent rise in fourth-quarter profit, according to Reuters calculations, driven by a contribution from its parent company and returns from investments including a stake acquistion in Germany carmaker Daimler (DAIGn.DE: Quote, Profile, Research).

Net profit for the year increased 133 percent to 1.68 billion dirhams ($457.4 million) versus 721.6 million dirhams in 2008, the company said in a statement on Monday. It did not give a breakdown of quarterly results.

For the three months to December 31 net profit rose to 132.89 million dirhams ($36.15 million), up from 115.25 million dirhams in the same period last year.