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 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.