UAE's Aldar Properties reports 26.5% Q1 profit jump | Reuters
Emirati developer Aldar Properties (ALDAR.AD) on Wednesday reported a 26.5% increase in first-quarter profit driven by record quarterly sales and the inclusion of the financial results of Egypt developer SODIC, in which it co-owns a majority share.
The company made 688 million dirhams ($187 million) in the quarter, up from 544 million a year earlier, it said.
Revenue was up 31.5% to 2.68 billion dirhams.
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