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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

Published Tue, Feb 14, 2017 · 09:50 PM
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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 to Dec 31 from 734.6 million a year earlier, Reuters calculated from Aldar's annual earnings statement.

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