Media ININ Economy We Trust
MEDIA IN, Dubai, July 31, 2018 (WAM)
Dubai Investments reported a net profit of AED 491 million for the six month period ended June 30, 2018, an increase of AED 11 million compared to AED 480 million for the same period last year. Total assets increased to AED 19.04 billion compared to AED 17.0 billion as at 31 December 2017. Total income for the period was AED 1.58 billion compared to AED 1.28 billion for the same period last year. The annual return on equity for the period was 8.34 percent. Khalid Al Kalban, Managing Director and Chief Executive Officer of Dubai Investments, said: “Dubai Investments recorded a steady growth in its financial results for the first half of 2018. The increase in total revenues, net profit and total assets is very encouraging given the current economic challenges. On Emicole.
