Aldar Reports 27% Increase in Q1 Net Profit and Record Q1 Group Sales Amid Capital Deployment and Expansion albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.
Sixth of October Development and Investment Company (SODIC) (OCDI) reported a 125.18% year-on-year (YoY) in consolidated net profit attributable to the parent company for the first quarter (Q1) of 2022
ABU DHABI, 9th February, 2022 (WAM) Aldar Properties (Aldar) today announced its preliminary financial results for the full year of 2021, reporting revenues of AED8.58 billion, up 2 percent year-on-year, a gross profit of AED3.60 billion, up 21 percent year-on-year, and a net profit of AED2.33 billion, up 21 percent year-on-year, highlighting the resilience of Aldar’s diversified business model.
Aldar also reported earnings per share of AED0.295, up 20 percent year-on-year, demonstrating sustainable growth of shareholder value.
Aldar’s robust financial results were driven by.