November 7, 2012 / 5:34 AM / 5 years ago

BRIEF-Aldar Properties Q3 net profit rises; impairments surge

DUBAI, Nov 7 (Reuters) - Aldar Properties PJSC : * 9-month net profit 1.1 billion dirhams versus 460.4 million dirhams year-ago

- statement * Q3 net profit 205.7 million dirhams versus 143.9 million dirhams year-ago * Q3 provisions for impairments and write-offs 932 million dirhams versus 2.5

million dirhams year-ago * Says evaluation processs on potential merger with Sorouh Real Estate currently

ongoing * Writes off 737.1 million dirhams related to impairments on hotel assets * Says to repay 309.4 million dirhams debt in Q4 on schedule

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