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Dubai Investments posts Dh657.55m profit in 2019

Staff Report/Dubai
Filed on February 5, 2020
Dubai Investments posts Dh657.55m profit in 2019

(File photo)

Dubai Investments has said that its annual net profit increased to Dh657.55 million last year compared to Dh651.43 million in the corresponding period.

In a statement, the Dubai-based group said that 2018 profit included a one-off gain of Dh33 million on merger and acquisition transaction.

"Net operating profit increased from Dh1.07 billion to Dh1.1 billion while revenues fell from Dh3 billion to Dh2.8 billion year-on-year," according to the preliminary un-audited results of the company.

Total assets stood at Dh20.88 billion last year as against Dh19.5 billion in the previous year, the statement said.

- business@khaleejtimes.com


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