A good dose of oxygen before diving into 2017
Aldar Properties announced AED6.2bn in revenues for FY 2016, a 36% increase, y-o-y, missing our forecast of AED6.7bn. The company’s profit in Q4 2016 was AED833m reaching an annual net profit of AED2.752bn in 2016 (7.5% up from AED2.560bn in 2015). The board has proposed 11 fils dividend, 10% higher than 2015, in line with our forecasts. Recurring revenues of AED2.9bn accounted for 47% of the company’s revenues (vs. 62% in 2015) while the rest was attributable to a non-recurrent one.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.