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FINANCIAL NEWS
UAE’s DHCOG net profit hits USD571.8m in H1
08 Sep 2014
(MENAFN) Dubai Holding Commercial Operations Group (DHCOG) registered a net profit of USD571.8 million for the January-June period, Arabian Business reported.
During the first six months of 2014, the company’s revenue reached USD1.52 billion, while the company’s revenue for 2013 was USD3.15 billion.
DHCOG is part of Dubai Holding, which runs multiple businesses including hotel group Jumeirah, business park TECOM Investments and Dubai Properties Group.
“We are confident that our performance will continue to improve over the second half of the year and we expect our annual net profits to exceed AED4 billion,” CEO of Dubai Holding said.
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