Q3 2022 Aldar Properties Pjsc Earnings Call Transcript
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.
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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