We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Mon 1 Feb 2016 10:42 AM

Font Size

- Aa +

Dubai Investments Q4 net profit rises 2.6%

The conglomerate made a profit of $97.3 million in the three months to Dec 31

Dubai Investments Q4 net profit rises 2.6%

Dubai Investments reported a 2.6 percent rise in fourth-quarter net profit on Monday.

The conglomerate, in which sovereign fund Investment Corp of Dubai owns an 11.5 percent stake, made a profit of 357.3 million dirham ($97.3 million) in the three months to Dec. 31, Reuters calculated based on its annual financial statement in lieu of a quarterly breakdown.

This compares with a profit of 348.1 million dirhams in the corresponding period of 2014.

Dubai Investments' 2015 net profit was $302 million (1.11 billion dirhams), it said in a bourse statement, down from $364 million (1.34 billion dirhams) in 2014.

Arabian Business: why we're going behind a paywall

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.