Oct 27, 2022 / 11:00AM GMT
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
Q3 2022 Aldar Properties Pjsc Earnings Call Transcript
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