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Tuesday, 14 February 2017

UPDATE 1-UAE's Aldar Properties expects lower 2017 sales after flat Q4 profit | Reuters

UPDATE 1-UAE's Aldar Properties expects lower 2017 sales after flat Q4 profit | Reuters:

"Aldar Properties expects lower sales in 2017, its chief financial officer said on Tuesday after the builder of Abu Dhabi’s Formula One circuit reported flat fourth-quarter profit. Net attributable profit fell to 727.9 million dirhams ($198.2 million) for the three months to Dec. 31 from 734.6 million a year earlier, Reuters calculated from Aldar's annual earnings statement. That beat a forecast by analysts at SICO Bahrain of 496.0 million dirhams but fell short of a forecast of 849.0 million dirhams from analysts at EFG Hermes."



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