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FINANCIAL NEWS
Dubai Investments posts 20% drop in Q3 profits
02 Nov 2010
(MENAFN) UAE conglomerate Dubai Investments earned a net profit of $58.17 million in the third quarter of 2010, compared to $72 billion in the same period of 2009, registering a 19.8 percent decline, Gulf News Daily reported.
As for the second quarter of 2010, the conglomerate generated $53 million as net profit, compared to $78 million in the same period in the previous year.
Contract revenue also dropped 18.6 percent down to $47 million while rental income fell by 15.9 percent.
Dubai Investment launched its first residential project, Ritaj, in 2006, and competes with developers Emaar Properties and Deyaar.
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BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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