Aldar Properties PJSC reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of AED 1.5 billion compared to AED 1.6 billion, driven by strong revenue recognition on developments under construction. Profit attributable to owners of the company was AED 669.5 million or AED 0.085 per basic and diluted share, compared to AED 636.1 million or AED 0.081 per basic and diluted share, a year ago. Net cash used in operating activities was AED 535,539,000 compared to net cash generated from operating activities of AED 412.014,000 a year ago. Payments for purchase of property, plant and equipment were AED 5,651,000 compared to AED 15,993,000 a year ago. Payments for purchase of intangible assets were AED 1,644,000 compared to AED 546,000 a year ago.