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FINANCIAL NEWS
Dubai Investments reports Q4 loss
31 Jan 2012
(MENAFN) Dubai Investments reported USD16.7 million loss in the fourth quarter from a USD31.95 million profit a year earlier, over lower asset valuations, Reuters reported.
The company also reported a USD55.12 million for the full year of 2011, lower than USD219.12 million recorded in 2010.
Dubai Investments said total assets value declined to USD3.76 billion last year from USD3.84 billion in 2010.
Dubai Investments said in October that it had secured USD190.6 million of a USD326.6 million facility aimed at expanding its operations.
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