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Thu 28 Apr 2016 10:12 AM

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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.

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