Aldar Properties 2014 Profit Drops 0.4%; Beats Estimates

Net 2.24b dirhams vs 2.25b yr earlier, the Abu Dhabi-based developer said in statement to stock market. http://bit.ly/1ylK8Wr * Mean est. 2.12b; (6 analysts; range 2.55b-1.8b) * Board recommends 9% cash div. for 2014 * 2014 rev. 6.55b vs 5.38b * 4Q net 718m; rev. 1.27b * Says it had 701m recurring rev. in 4Q * Says reduced gross debt to 9.2b dirhams from 13.8b

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