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Wed 28 Oct 2015 10:51 AM

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Dubai Investments Q3 net profit rises 30%

Conglomerate is part-owned by the emirate's sovereign fund Investment Corp of Dubai

Dubai Investments Q3 net profit rises 30%

Dubai Investments reported a 30 percent rise in third-quarter net profit on Wednesday, according to a company statement.

The conglomerate, in which sovereign fund Investment Corp of Dubai owns an 11.5 percent stake, reported 246.1 million dirhams ($67.0 million) attributable to owners of the company in the three months to September 30.

This compared with 189.1 million dirhams in the same period of 2014.

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