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.
UAE-based Aldar Properties has registered a AED2.33 billion ($603 million) net profit for 2021, up 21 per cent year-on-year, driven by the strong performance of Aldar Development business and growth in Aldar Investment’s recurring income portfolio.