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Aldar Properties reports 9.1% rise in Q4 profits

Abu Dhabi's Aldar Properties made a profit attributable to equity holders of $206.9m in the three months to December 31 9.5% rise in Q3 2015 net profits

Aldar Properties reported a 9.1% rise in Q4 profits.
Aldar Properties reported a 9.1% rise in Q4 profits.

Aldar Properties has reported a 9.1% increase in net attributable profit for the fourth quarter of 2015, according to Reuters calculations. 

The state-linked builder of Abu Dhabi's Formula One circuit made a profit attributable to equity holders of $206.9m (AED760m) in the three months to December 31.

This compares with a profit of $189.5 (AED696.3m) in the corresponding period of 2014. 

An analyst at SICO Bahrain had forecast Aldar would make a quarterly attributable profit of $139.5m (AED512.7m).

The Abu Dhabi company's 2015 net profit was $619.5m (AED2.54bn), according to a bourse statement.

This compares with a net profit of $609.8m (AED2.24bn) in the corresponding period of 2014.

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