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FINANCIAL NEWS
Dubai Investments profit down 58.6 percent in Q2
30 Jul 2015
(MENAFN) Dubai Investments suffered a 58.6 percent net profit drop in the second quarter of this year, attributed it to a one-off increase in the prior-year quarter.
The corporation, in which sovereign fund Investment Corp of Dubai holds an 11.5 percent stake, generated USD60.9 million net profit in the second quarter.
The Dubai Investments first quarter’s net profit reached USD137.7 million, falling from USD219.3 million in same period of the previous year.
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