FINANCIAL NEWS

UAE- Mubadala posts 18% jump in H1 revenues

05 Oct 2012

(MENAFN) Mubadala Development Company announced that first-half revenues reached USD4.35 billion, up by 18 percent from the USD3.67 billion posted in the same period a year ago, reported Emirates 24/7.

The Abu Dhabi-based investment and development company said that during the 6-month period, operating income increased to USD598 million, up from USD109.42 million.

The firm’s total comprehensive income grew from USD53.89 million a year ago to USD299 million, while total assets rose by 10 percent, reaching USD53 billion at the end of June, from USD48 billion as of the end of 2011.

It is worth noting that Mubadala’s total equity reached USD34 billion as of the end of June, representing a jump of 18 percent from the USD28.85 billion posted as of the end of last year.

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