DUBAI, Feb 14 (Reuters) - Aldar Properties, the state-linked builder of Abu Dhabi’s Formula One circuit, reported a 0.9 percent decline in fourth quarter net attributable profit on Tuesday, according to Reuters calculations.
Aldar made a net profit of 727.9 million dirhams ($198.2 million) in the three months to Dec. 31, Reuters calculated from financial statements in the absence of a quarterly breakdown. That compared with a profit of 734.6 million dirhams in the prior-year period.
Reuters initally calculated a net profit for the fourth quarter of 2016 of 745.5 million dirhams based on the company’s profit that was not net attributable.
SICO Bahrain forecast a quarterly profit of 496.0 million dirhams while EFG Hermes forecast a profit of 849.0 million dirhams.
Aldar’s board also proposed paying a dividend of 11 fils per share for 2016, according to the statement, up from 10 fils per share for the previous year.
$1 = 3.6720 UAE dirham Reporting By Tom Arnold, editing by Hadeel Al Sayegh