UAE- Aldar gross profit surges 8% to Dh3b
(MENAFN - Khaleej Times) Aldar Group reported on Sunday a 17 per cent increase in revenue to Dh8.4 billion and an eight per cent increase in gross profit to Dh3 billion driven by record development business performance in 2020. The group recorded a net profit of Dh1.93 billion, driven by a 28 per cent growth in Q4 net profit. In a statement, the company said its development business delivered record revenues and gross profit while investment portfolio holds firm amid Covid-19 challenges. The group also said it managed and delivered Dh50 billion worth of projects over 3-5 years, with Dh40 bil...
Source: menafn.com