Aldar Properties, the developer rescued by a $5.2 billion bailout by Abu Dhabi, swung to a second quarter net profit, helped by sales and rental income, and raised an additional Dh1.4 billion ($381.2 million) loan from banks.
The builder of the Yas Marina Formula One circuit made a second-quarter net profit of Dh127.3 million ($34.6 million) compared with a loss of Dh475.3 million in the same period last year, it said in a statement on Abu Dhabi's bourse on Thursday.
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