Tuesday 29 July 2014
 
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GAINS TIO HIT $217m

Dubai Investments profits up 150pc

Dubai, January 2, 2014

Dubai investments expects to make a profit of around 800 million dirhams ($217.8 million) in 2013, a company statement said on Thursday, confirming local media reports.

Khalid bin Kalban, the company's chief executive, had told Al Khaleej newspaper that the net profit would be over 800 million dirhams at the end of 2013, a 149.5 percent increase over the 320.6 million dirhams of profit posted in 2012.

The state-owned conglomerate, in which sovereign fund Investment Corporation of Dubai own a 11.5 percent stake, has interests in several sectors including property and manufacturing.  - Reuters




Tags: profit | Dubai Investments | ICD |

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