trending Market Intelligence /marketintelligence/en/news-insights/trending/UyQwXGHiUYwZlG2FMSfS1A2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Aldar Properties Q2 gross profit rises YOY

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview

Aldar Properties Q2 gross profit rises YOY

United Arab Emirates-based Aldar Properties PJSC said its gross profit for the second quarter amounted to 669 million dirhams, a 3% rise from 649 million dirhams in the prior-year period.

Net profit for the quarter came to 476 million dirhams, up 7% from 445 million dirhams in the prior-year period.

Second-quarter revenue grew 9.9% on an annual basis to 1.66 billion dirhams from 1.51 billion dirhams.

For the first half, Aldar's gross profit was up 2% year over year to 1.39 billion dirhams from 1.36 billion dirhams.

Net profit for the first half came in at 969 million dirhams, marking a 13% year-over-year decline that was attributed primarily to legacy one-off income events in the year-ago period.

First-half revenue jumped 15% to 3.42 billion dirhams from 2.98 billion dirhams in the year-ago period.

As of Aug. 7, US$1 was equivalent to 3.67 dirhams.