Abu Dhabi's Aldar Properties (ALDR.AD) reported a loss of 731 million dirhams ($199 million) for the June-September quarter, adding that it was in final talks with the Abu Dhabi government over a much-needed cash injection.
Net loss, according to Reuters calculations based on nine-month figures issued on Tuesday, was the fourth consecutive quarter in the red for the developer. It was worse than analysts had forecast for a loss of 231 million dirhams according to a Reuters poll.
Aldar said in a statement it was in the 'final stages of discussion with Abu Dhabi government regarding cash requirements.'"
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