Aldar Properties' profits increased by 3%, reaching about 483 million dirhams in the second quarter of this year.
According to CNBC Arabia, the increase in profits is due to the growth in revenues of 21% to 2 billion dirhams in the same period.
Al Dar clarified that its diversified and sustainable business model possesses a great potential for making profits even in the difficult conditions that the global economy is currently experiencing.
In terms of interim profits, net profits fell by 23% on an annual basis to reach about 783 million dirhams in the first half of the current year, despite From the increase in revenues for this period by 10% to about 3.8 billion dirhams, and the decline in half-profits is due to the increase in the loss from the fair value of real estate investments to 173 million dirhams compared to 80 million dirhams during the same period of the previous year.
(Amazon fun knowledge)
