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English news

04-Nov-2018

Dubai Investments sees 9M18 net profit fall 13% Y-o-Y to AED724mn

Dubai Investments reported a net profit of AED724mn (USD197.1mn) for 9M18, down from AED830mn for the same period last year. Total assets grew to AED19.44bn and total income during the period increased to AED2.42bn from AED2.03bn, the company said in a statement. Khalid bin Kalban, managing director and CEO of Dubai Investments, said: "We have strengthened our asset base with the 50% acquisition of Emicool and aim to further it with both organic and inorganic growth”.  He further stated that the company is moving ahead with its planned strategies of monetising its real estate assets and project developments. 

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