Abu Dhabi's Aldar Properties net profit up 4% in Q4

15/02/2016 Argaam

Abu Dhabi-listed Aldar Properties reported a net profit of AED 750 million for Q4-2015, a four percent increase year-on-year (YoY) from AED 718 million.

 

The net profit for the fiscal year 2015 stood at AED 2.6 billion, up 13 percent from AED 2.3 billion in 2014, the company said in a statement to the Abu Dhabi bourse.

 

The board of directors has recommended a cash dividend of 10 fils per share for 2015.

Aldar Properties shares opened slightly lower at AED 2.37 on Monday.

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