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Aldar posts flat Q4 profit, foresees lower sales in 2017

UAE developer's 727.9m dirham profit comes in wake of slowing economy

Abu Dhabi

ALDAR Properties expects lower sales in 2017, its chief financial officer said on Tuesday after the builder of Abu Dhabi's Formula One circuit reported flat fourth-quarter profit.

Net attributable profit fell to 727.9 million dirhams (S$280 million) for the three months...

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