Aldar reports Q4 loss
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Aldar reports Q4 loss

Aldar reports Q4 loss

Abu Dhabi-based Aldar Properties, the second largest developer in the Middle East, said it posted its first-ever loss in the fourth quarter on revaluations and hotel-opening expenses, Chief Financial Officer Shafqat Malik told Bloomberg. The company had a fourth-quarter loss of Dhs562m ($153m), Malik said. The loss compared with a profit of Dhs84.4m in the year-earlier period, Bloomberg data shows.

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