Dubai Holding Commercial Operations Group 2015 net profit up 25%

Owner of Jumeirah, Dubai Properties Group and TECOM Group reports 15% rise in revenues

HE Mohammad Abdulla Al Gergawi, chairman of Dubai Holding.

HE Mohammad Abdulla Al Gergawi, chairman of Dubai Holding.

Dubai Holding Commercial Operations Group, a business group of Dubai Holding, said on Saturday its 2015 net profit grew 25 percent to AED5.83 billion ($1.59 billion).

The group's total revenues were up 15 percent at AED14.53 billion compared to AED12.63 billion a year ago, a statement by the company said.

The growth was supported by strong performance from the firm's business units TECOM Group, Jumeirah Group and Dubai Properties Group.

Dubai Holding Commercial Operations is targetting an annual profit of 10 billion in four years.

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