Dubai Investments PJSC reports 98 percent increase in Q3 profit

Dubai Investments PJSC has announced a net profit of Dh 161 million in the third quarter of 2013, a 98 percent increase compared to the Dh 81.4 million profit in the third quarter of 2012.

Profit for the nine months ended September 30th, 2013 was Dh 531 million, an increase of 110 percent compared to Dh 252 million achieved in the comparable period last year.

DI reported a consolidated total income of Dh 1.9 billion, against Dh 1.7 billion in the same period last year with the total assets amounting to Dh 12.6 billion. DI net worth increased to Dh 8.8 billion while the annualised return on equity achieved for the nine-month period was 8.08 percent, as against 3.98 percent in the comparable period last year.

The assets and liabilities have been restated following deconsolidation of joint ventures pursuant to application of change in accounting standards but there is no impact on either the profitability or net worth of the group.

via Dubai Investments PJSC reports 98 percent increase in Q3 profitUAE – The Official Web Site – News.

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