Aldar Properties PJSC Reports Audited Consolidated Earnings Results for the Full Year Ended December 31, 2017
Aldar Properties PJSC reported audited consolidated earnings results for the full year ended December 31, 2017. For the year, the company reported underlying gross profit growth of 34% to AED 2.7 billion driven by activity on projects under construction. Underlying revenue was up 26% to AED 6.2 billion. Net profit of AED 2.0 billion, impacted by a 3% value adjustment to asset management portfolio. Revenue of AED 6,180,676,000 compared to AED 6,237,496,000 a year ago. Basic and diluted earnings per share attributable to owners of the company AED 0.254 per share compared AED 0.354 per basic and diluted share a year ago. Net cash generated from operating activities was AED 1,870,876,000 compared to AED 2,108,365,000 a year ago. Purchase of property, plant and equipment was AED 154,940,000 compared to AED 260,658,000 a year ago. Purchase of intangible assets was AED 4,976,000 compared to AED 2,768,000 a year ago.