Dubai Investments posts Dh657.55m profit in 2019

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Dubai Investments posts Dh657.55m profit in 2019

Published: Wed 5 Feb 2020, 7:44 PM

Last updated: Wed 5 Feb 2020, 9:48 PM

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

By Staff Report

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