{"id":44063,"date":"2017-02-14T17:29:45","date_gmt":"2017-02-14T10:29:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=44063"},"modified":"2017-02-14T14:59:46","modified_gmt":"2017-02-14T07:59:46","slug":"aldar-fourth-quarter-profit-dips-1-per-cent-amid-softer-operating-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aldar-fourth-quarter-profit-dips-1-per-cent-amid-softer-operating-market\/","title":{"rendered":"Aldar fourth-quarter profit dips 1 per cent amid 'softer operating market'"},"content":{"rendered":"


\nFourth-quarter profit at Aldar Properties fell marginally compared with a year ago as the capital’s largest listed developer complained of facing “headwinds” in the Abu Dhabi market.Aldar reported that net profit for the final three months of 2016 fell 1 per cent to Dh728 million from Dh735m during the same period a year ago as the company reported a “softer operating market.”At the same time, Aldar reported that revenue for the quarter increased 27 per cent to Dh1.4 billion from Dh1.1bn a year earlier.”We are seeing some headwinds in the market right now,” said Greg Fewer, Aldar’s chief financial officer.The company said that it had made provisions and impairments of Dh100m during the fourth quarter of 2016 because of falls in the market value of the company’s recurring revenue portfolio.Aldar said it expected to record about Dh3bn worth of property sales this year, down from Dh3.5bn in 2016, as the company focused on building cheaper units.Aldar said that it expects to launch about 1,500 units a year into the market, but it also said that this year it would focus on building mid-market housing at its Reem Island and Yas Island communities.For the full year, Aldar said that net profit grew 8.6 per cent to Dh2.78bn from Dh2.56bn a year earlier.The company said that revenues for the year grew 36 per cent to Dh6.23bn from Dh4.58bn a year earlier.Aldar announced a shareholder dividend of 11 fils per share for 2016, up from 10 fils per share in 2015.lbarnard@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Aldar fourth-quarter profit dips 1 per cent amid ‘softer operating market’<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Fourth-quarter profit at Aldar Properties fell marginally compared with a year ago as the capital’s...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-44063","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-bsH","jetpack-related-posts":[{"id":44059,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aldar-fourth-quarter-profit-falls-1-per-cent-amid-softer-operating-market\/","url_meta":{"origin":44063,"position":0},"title":"Aldar fourth-quarter profit falls 1 per cent amid 'softer operating market'","date":"February 14, 2017","format":false,"excerpt":"\r Fourth-quarter profit at Aldar Properties fell marginally compared with a year ago as the capital's largest listed developer complained of facing \"headwinds\" in the Abu Dhabi market.Aldar reported that net profit for the final three months of 2016 fell 1 per cent to Dh728 million from Dh735m during the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44137,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aldar-to-focus-on-mid-market-this-year\/","url_meta":{"origin":44063,"position":1},"title":"Aldar to focus on mid-market this year","date":"February 14, 2017","format":false,"excerpt":"\r Aldar Properties said on Tuesday that it expects earnings from property sales to fall this year as the company focuses on building mid-market homes.Abu Dhabi's largest listed developer forecasts about Dh3 billion worth of sales in 2017, down from Dh3.5bn in 2016.Aldar said that it continued to expect to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4816,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fourth-quarter-profit-at-abu-dhabis-aldar-gets-boost-from-property-portfolio\/","url_meta":{"origin":44063,"position":2},"title":"Fourth-quarter profit at Abu Dhabi's Aldar gets boost from property portfolio","date":"February 15, 2016","format":false,"excerpt":"\r \r Lucy BarnardA jump in the value of Aldar's investment properties boosted its fourth-quarter results on Monday, as the company continues to position itself as Abu Dhabi's biggest landlord. Profit at Aldar Properties rose 5.6 per cent in 2015 compared with a year earlier, the company stated on Monday.Aldar\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44117,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-properties-says-fourth-quarter-net-profit-up-56\/","url_meta":{"origin":44063,"position":3},"title":"Emaar Properties says fourth-quarter net profit up 56%","date":"February 14, 2017","format":false,"excerpt":"\r Dubai's Emaar Properties reported a 56 per cent rise in fourth-quarter net profit on Tuesday.The developer, in which the Dubai Government owns a min\u00adority stake, made a net profit of Dh1.61 billion in the three months to December 31.That compares with a profit of Dh1.03bn a year-earlier.Sico Bahrain and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54209,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/land-and-property-sales-keep-aldar-profit-ahead-of-forecast\/","url_meta":{"origin":44063,"position":4},"title":"Land and property sales keep Aldar profit ahead of forecast","date":"May 9, 2017","format":false,"excerpt":"\r The Abu Dhabi developer Aldar Properties compensated for a drop in government income in the first quarter of this year by boosting property and land sales. In a statement to the Abu Dhabi bourse on Tuesday, Aldar said that profit attributable to shareholders stood at Dh636 million in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44103,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-properties-fourth-quarter-net-profit-up-56\/","url_meta":{"origin":44063,"position":5},"title":"Emaar Properties fourth-quarter net profit up 56%","date":"February 14, 2017","format":false,"excerpt":"\r Dubai's Emaar Properties reported a 56 per cent rise in fourth-quarter net profit on Tuesday.The developer, in which Dubai's government owns a minority stake, made a net profit of Dh1.61 billion in the three months to December 31.That compares with a profit of Dh1.03bn in the year-earlier period.Sico Bahrain\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/44063"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=44063"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/44063\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=44063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=44063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=44063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}