Abu Dhabi's Aldar second-quarter profit rises 2% - Reuters:
Abu Dhabi developer Aldar Properties (ALDAR.AD) reported a 2% rise in second-quarter profit on Thursday, although the company did not provide outlook for the rest of the year due to the COVID-19 pandemic.
The state-linked builder of Abu Dhabi’s Formula One circuit made 484 million dirhams ($132 million) in the three months to June 30, compared with 476 million dirhams a year earlier.
Revenue increased by 21% to 2 billion dirhams, driven by state projects and inventory sales, it said in a statement.
Aldar has not launched any new projects so far this year, and it made just under 1 billion dirhams in sales in the first half.
No comments:
Post a Comment