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Tuesday, 9 May 2017

UPDATE 1-UAE developer Aldar's Q1 net profit falls, beats forecasts | Reuters

UPDATE 1-UAE developer Aldar's Q1 net profit falls, beats forecasts | Reuters:

"Aldar Properties, the builder of Abu Dhabi's Formula One circuit, reported a small drop in first quarter profit on Tuesday, and said it is seeing growth opportunities in the middle-income market. The results come against a slowing economy and weak property market in the oil-rich capital of the United Arab Emirates. Aldar made a net profit attributable to shareholders of 637.0 million dirhams ($174.0 million) in the three months to March 31 compared with 649.05 million dirhams in the prior-year period, the company said."



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