Aldar Properties posted a second-quarter net profit of Dh251.4 million ($68.44 million), down 79.7 per cent from the year-earlier period, according to Reuters calculations. The company made a net profit of Dh1.14 billion in the first half of the year, compared with Dh2.6 billion a year earlier, the firm said in a statement, without offering a breakdown of quarterly data. Reuters calculated the quarterly profit based on previous financial statements. Aldar Properties reported net profit attributable to shareholders of Dh1.24 billion in the second quarter of 2008 and Dh888.6 million in the first quarter of this year. Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here .