Aldar Properties PJSC (ADX:ALDAR)
د.إ 5.74 0 (0%) Market Cap: 45.13 Bil Enterprise Value: 54.95 Bil PE Ratio: 10.34 PB Ratio: 1.39 GF Score: 74/100
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Q3 2022 Aldar Properties Pjsc Earnings Call Transcript

Oct 27, 2022 / 11:00AM GMT
Release Date Price: د.إ4.34 (-0.23%)
Operator

Greetings, and welcome to the Aldar Properties Third Quarter 2022 Financial Results Conference Call. (Operator Instructions) As a reminder, this conference is being recorded.

I would now like to turn the call over to Greg Fewer, Chief Financial and Sustainability Officer. Thank you. You may begin.

Greg Fewer
Aldar Properties PJSC - Group Chief Financial & Sustainability Officer

Thank you, and good afternoon, everyone. Thank you for joining the call today, and we're going to be discussing Aldar's Q3 2022 financial results.

As usual, I do look forward to taking your questions. I'll start with a few statements on the overall performance and turn the call over to the operator for Q&A. So we're very happy to be reporting an excellent set of numbers for the third quarter of 2022.

Aldar's Q3 revenue rose 30% to AED 2.7 billion, while net profit increased 27% year-on-year to AED 601 million. This resulted in an outstanding year-to-date performance with a 28% rise in revenue to AED 8.1 billion and a 38% increase in net profit to AED

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