Aldar Properties, Abu Dhabi’s largest real estate company by market capitalisation yesterday reported a whopping 228 per cent year-on-year jump in fiscal second quarter net profit to Dh417.9 million while its total revenue quarter-on-quarter rose 497 per cent to Dh4,631.2 million.
In a statement, Aldar said its fiscal first-half net profit rose to Dh896.1 million from Dh316.4 million in the corresponding period a year ago, while revenue for the same period rose 427 per cent on the year to Dh8220.3 million.
Aldar said its gross debt declined at the end of June to Dh14,358 million from Dh18,295 million at the end of December 2011.
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