Aabar posts H1 profit of $55m

16 August 2010

Aabar Investments has posted a first-half profit of Dhs202m ($55m), Bloomberg has reported. The firm said its real-estate portfolio grew to Dhs9.4bn in the three months up to June 30 from Dhs8.57bn in the first quarter, while construction has begun on a number of plots. The firm recently held an extraordinary shareholders' meeting to seek approval for a share delisting.

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