Font Size

- Aa +

Thu 28 Apr 2016 10:12 AM

Font Size

- Aa +

Dubai Investments Q1 net profit rises 5.4%

The conglomerate made a profit of $81 million in the three months to March 31

Dubai Investments Q1 net profit rises 5.4%
Dubai Investments CEO and managing director Khalid Kalban (Photo for illustrative purposes only)

Dubai Investments reported a 5.4 percent rise in first-quarter net profit on Thursday.

The conglomerate, in which sovereign fund Investment Corp. of Dubai owns an 11.5 percent stake, made a profit of 297.5 million dirham ($81 million) in the three months to March 31, it said in a statement.

This compares with a profit of 282.2 million dirhams in the corresponding period of 2015.

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.