Dubai Investments reports Dh161m profit in third quarter

Dubai Investments PJSC (DI) has announced a net profit of Dh161 million in the third quarter of 2013, a 98 per cent increase, compared to the Dh81.4 million profit in the third quarter of 2012.

Profit for the nine months ended September 30, 2013, was Dh531 million, an increase of 110 per cent as compared to Dh252 million achieved in the comparable period last year.

DI reported a consolidated total income of Dh1.9 billion, as against Dh1.7 billion in the same period last year with the total assets amounting to Dh12.6 billion. ?DI net worth increased to Dh8.8 billion while the annualised return on equity achieved for the nine-month period was 8.08 per cent as against 3.98 per cent in the comparable period last year.

DI said it has restated its assets and liabilities following deconsolidation of the joint ventures but there is no impact on either the profitability or net worth of the group.

via Dubai Investments reports Dh161m profit in third quarter | GulfNews.com.

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