FINANCIAL NEWS

Abu Dhabi-Mubadala revenue grows at USD898mn

31 Mar 2017

(MENAFN) Mubadala proclaimed its net profit for last year, more than doubled to USD898mn from USD326mn in the previous year, driven by income growth from its diversified portfolio.

Accordingly, the group proclaimed that its profits witnessed a surge hit of USD8.57bn compared to Dh29.7bn in 2015, boosted by the growth from firms within Mubadala’s semiconductor.

Moreover, the operating income had a marginal increase from Dh2bn in 2015 to Dh2.6bn, driven by strategic divestments from mature assets.

Mubadala”s whole comprehensive income reached Dh4.1bn compared to Dh1.3bn loss the year before, due to higher income from fiscal investments.

MENAFN3103201700450000ID1095358278

MENAFN3103201700450000ID1095358278

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