Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Arab Emirates
  4. Abu Dhabi Securities Exchange
  5. Aldar Properties PJSC
  6. News
  7. Summary
    ALDAR   AEA002001013

ALDAR PROPERTIES PJSC

(ALDAR)
  Report
End-of-day quote. End-of-day quote Abu Dhabi Securities Exchange - 08/04
4.04 AED   -0.49%
07/11Aldar Launches Exclusive Land Plots At Al Gurm Waterfront Community
CI
07/01Aldar Properties PJSC Launches Saadiyat Reserve the Dunes
CI
06/27IHC becomes Abu Dhabi's most valuable listed firm after unit lists
RE
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Abu Dhabi's Aldar second-quarter profit rises 2%

08/13/2020 | 12:59am EDT

Abu Dhabi developer Aldar Properties reported a 2% rise in second-quarter profit on Thursday, although the company did not provide outlook for the rest of the year due to the COVID-19 pandemic.

The state-linked builder of Abu Dhabi's Formula One circuit made 484 million dirhams ($132 million) in the three months to June 30, compared with 476 million dirhams a year earlier.

Revenue increased by 21% to 2 billion dirhams, driven by state projects and inventory sales, it said in a statement.

Aldar has not launched any new projects so far this year, and it made just under 1 billion dirhams in sales in the first half.

It had set a target of between 3.5 billion and 4 billion dirhams in sales this year before the pandemic.

Chief Financial Officer Greg Fewer told reporters investor and consumer demand in Abu Dhabi was encouraging, and while the company was "feeling good going into the second half of the year, no one is going to be in a position to guide."

Aldar had to temporarily close or limit retail and hospitality operations in the first half due to government restrictions related to curbing the spread of the virus.

($1 = 3.6728 UAE dirham)

(Reporting by Alexander Cornwell; Editing by Muralikumar Anantharaman, Aditya Soni)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALDAR PROPERTIES PJSC -0.49% 4.04 End-of-day quote.28.25%
EURO / DIRHAM (EUR/AED) -0.02% 4.3457 Delayed Quote.-2.84%
US DOLLAR / DIRHAM (USD/AED) 0.00% 3.6728 Delayed Quote.-0.01%
All news about ALDAR PROPERTIES PJSC
07/11Aldar Launches Exclusive Land Plots At Al Gurm Waterfront Community
CI
07/01Aldar Properties PJSC Launches Saadiyat Reserve the Dunes
CI
06/27IHC becomes Abu Dhabi's most valuable listed firm after unit lists
RE
06/21HILL INTERNATIONAL : Secures Project Management Services Contract from UAE's Ald..
MT
05/30Aldar Properties AnnounceS That Noya Luma, the Third Phase of Its Highly Succ..
CI
05/25Aldar Properties Announces the Launch of 189 Standalone Villas at Noya Luma o..
CI
05/10Aldar Properties Pjsc Reports Earnings Results for the First Quarter Ended Ma..
CI
05/03Aldar Properties to Invest in Fifth Wall Proptech Fund
CI
04/06Aldar Properties Launches of Noya Viva, the Next Phase of Its Highly Successf..
CI
04/01ALDAR PROPERTIES : Ex-dividend day for final dividend
FA
More news
Financials
Sales 2021 8 638 M 2 352 M 2 352 M
Net income 2021 2 121 M 578 M 578 M
Net Debt 2021 2 658 M 724 M 724 M
P/E ratio 2021 15,0x
Yield 2021 3,75%
Capitalization 31 765 M 8 648 M 8 649 M
EV / Sales 2021 3,98x
EV / Sales 2022 4,14x
Nbr of Employees 2 891
Free-Float 62,7%
Chart ALDAR PROPERTIES PJSC
Duration : Period :
Aldar Properties PJSC Technical Analysis Chart | ALDAR | AEA002001013 | MarketScreener
Technical analysis trends ALDAR PROPERTIES PJSC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 4,04 AED
Average target price 3,75 AED
Spread / Average Target -7,12%
EPS Revisions
Managers and Directors
Talal Al-Dhiyebi Chief Executive Officer
Gregory Howard Fewer Chief Financial & Sustainability Officer
Mohammed Khalifa Al-Mubarak Chairman
Mohammad H. Abedalrahman Chief Compliance Officer
David Dudley Executive Director-Investments & Partnerships