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FINANCIAL NEWS
Dubai Investments profit up 26 percent in Q1
05 May 2014
(MENAFN) Dubai Investments posted a 26 percent rise in net profit for the first quarter of the current year, according to Khaleej Times.
The company”s total income reached USD200.87 million, while total assets boosted to USD3.592 billion.
Net profit of the company was estimated at USD72.128 million compared to USD57.43 million in the same quarter a year earlier.
Khalid bin Kalban, managing director and chief executive officer, Dubai Investments, said: “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. This comes amidst surging investor confidence across the UAE and region, and encouraging trends for our diversified businesses.”
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