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Dubai Holding unit's net profit up 25pc

DUBAI, February 13, 2016

Dubai Holding Commercial Operations Group, a business group of Dubai Holding, said on Saturday its 2015 net profit grew 25 per cent to Dh5.83 billion ($1.59 billion).

The group's total revenues were up 15 per cent at 14.53 billion compared to 12.63 billion a year ago, a statement by the company said.

The growth was supported by strong performance from the firm's business units Tecom Group, Jumeirah Group and Dubai Properties Group.

Dubai Holding Commercial Operations is targetting an annual profit of 10 billion in four years.-Reuters




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