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Dubai Holding's DHCOG profit jumps 178pc

Dubai, March 30, 2014

Dubai ruler's flagship company Dubai Holding said on Sunday its unit Dubai Holding Commercial Operations Group (DHCOG) has almost tripled its 2013 net profit to 3.3 billion dirhams thanks to a surge in core operational revenues.

DHCOG, which runs four businesses operating in 24 countries, reported a 178 percent increase in net profit from 1.2 billion dirhams from last year, the company said in an emailed statement.

During the year, total revenues rose by 27 percent to 11.6 billion dirhams, while total assets reached 116 billion dirhams.

It incorporates hotels group Jumeirah, business park Tecom Investments and Emirates International Telecommunications aside from a real estate division, Dubai Properties Group. -Reuters

Tags: Dubai Holding | ruler | DHCOG |

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