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Article: Aldar declares stable nine months 2009 results
- Article from:
- Al Bawaba
- Article date:
- October 28, 2009
CopyrightCopyright 2009 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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Aldar Properties PJSC, Abu Dhabi's leading property development,
investment and management company today announced financial results
for the first nine months of 2009. Despite still challenging
economic conditions, Aldar reported net profit of AED 1,569.8
million with gross revenues of AED 1,740.5 million during the
period.
Developments under construction increased significantly by 58.1
per cent compared to end 2008 to AED 36,266.8 million, representing
a net asset value per share of AED 6.68 versus AED 6.22 as at 31st
December 2008. Total net asset value stood at AED 17,223.1 million,
up 7.4 per cent in the first nine months of the year.
Financing has increased over the period in line ...