Dubai Investments’ H1 net profit more than doubles

Dubai Investments PJSC (DI), the leading investment company listed on the Dubai Financial Market (DFM), ?its net profit for the first six months of 2014 has surged to AED 805 million, an increase of 118% compared to a net profit of AED 370 million for the similar period last year.

Announcing its financial results for the six-month period ended 30 June 2014, DI reported a consolidated total income AED 1.8 billion in the first half of 2014, as against AED 1.3 billion for the comparable period last year.

Total assets as on June 30, 2014 stood at AED 13.5 billion, while net worth increased to AED 9.6 billion.

DI said its annualized return on share capital achieved for the period was also higher at 42.1%, compared to 21.5% for the full year of 2013.