Tuesday, Feb 14, 2012
0606 GMT [Zawya Dow Jones]--Shares of Aldar Properties rally 7.1% to AED1.06 early in the Abu Dhabi market session. Aldar said late Monday it swung to a full-year 2011 net profit of AED642.5 million, from a loss of AED12.66 billion the previous year. The company has recommended a cash dividend of AED0.05 per share for 2011. Trader at Credit Suisse says with Aldar figures topping estimates both on the bottom line and dividends, expect continued risk on today. The broader market trades +0.5% at 2477.50. (nikhil.lohade@dowjones.com)
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(END) Dow Jones Newswires
14-02-12 0606GMT
