Aabar posts $430m Q1 profit

17 May 2010

Abu Dhabi-based Aabar Investments, the largest shareholder in Daimler AG, has posted a first-quarter profit of $430m on derivatives and foreign exchange gains, Bloomberg has reported. Khadem Al Qubaisi, Aabar's chairman said that Q1 results were due to 'an increase in the value of Aabar's existing investments'.

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