200 per cent profit rise for Abu Dhabi's Aldar - The National:
"Aldar Properties unveiled a 200 per cent increase in second quarter net profits yesterday as the company benefited from a Dh2.6 billion one-off capital gain on the back of its merger with Sorouh.
Aldar completed the deal with Sorouh Real Estate in June, creating a company with US$13 billion in assets.
In an upbeat financial statement to the market, Aldar said that net profits for the three months to the end of June rocketed to Dh1.25 billion from Dh417.9 million during the same period the previous year."
'via Blog this'
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