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FINANCIAL NEWS
Dubai Investments net profit up 26 percent in Q1
07 Jun 2014
(MENAFN) Dubai Investments net profit increased 26 percent in the January-March period of 2014, hitting USD200.9 million, while total assets rose to USD3.59 billion, Khaleej Times reported.
The first quarter net profit increased from USD57.4 million in the same period a year earlier, the company said.
The leading investment company reported a total income of USD200.9 million, as against USD176.6 million in the same period last year.
“We are delighted with the results in the first quarter of 2014. While all our businesses have contributed, we have seen significant growth trends in our real estate and manufacturing portfolio,” managing director and CEO said.
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