(MENAFN) Net profit of Aldar Properties, Abu Dhabi's biggest real estate developer, has boosted by 79 percent in the fourth quarter of 2013, according to Arabian Business
Aldar's net profit was estimated at USD116.3 million during the period compared to USD65.055 million in the same quarter in 2012
The company could gain profit from its acquisition of former rival Sorouh Real Estate and handover of residential units
The company booked USD705 million gains on its acquisition of Sorouh in 2013
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