dubai investments pjsc reports net profit of dh506m for h1 of 2015
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Dubai Investments PJSC reports net profit of Dh506m for H1 of 2015

Arab Today, arab today

Arab Today, arab today Dubai Investments PJSC reports net profit of Dh506m for H1 of 2015

Dubai Investments PJSC
Dubai - WAM

Dubai Investments PJSC [DI], the leading investment Company listed on the Dubai Financial Market [DFM], yesterday announced net profit of Dh 506 million for the six months period ended 30th June 2015 ("the current period") as compared to Dh 806 million for the same period last year.

Total assets as at June 30, 2015 increased to Dh 14.77 billion, while net worth increased to Dh 10.14 billion. The annualised return on equity achieved for the period was 10%.

Khalid bin Kalban, Managing Director and CEO, Dubai Investments PJSC, said, "In the previous year, DI had made a profit amounting to Dh 472 million on divestment of Globalpharma including fair value gain on retained interest. Excluding this one-off item, the profit for the current period has increased by Dh 172 million on account of growth and better operating results across industrial and property segments of the Group".

The year 2015 continues to be an active year for DI. During the current period, DI completed acquisition of 59.66% stake in Al Mal Capital PSC and increased its shareholding in certain subsidiaries and joint ventures. DI also divested its interest in International Rubber Company and Techno Rubber Company. These acquisitions and divestments are integral to the Group's strategy of delivering enhanced value to its shareholders.

Kalban added, "We are quite positive on the outlook for the remainder of the year and are exploring fresh avenues to expand our geographical footprint and strengthen our assets. To this end, we are evaluating several proposals spanning sectors across healthcare, education, industrial and property."

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dubai investments pjsc reports net profit of dh506m for h1 of 2015 dubai investments pjsc reports net profit of dh506m for h1 of 2015

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dubai investments pjsc reports net profit of dh506m for h1 of 2015 dubai investments pjsc reports net profit of dh506m for h1 of 2015

 



GMT 13:49 2017 Thursday ,08 June

Boko Haram kills 11 in NE Nigeria attacks: police

GMT 09:08 2017 Monday ,11 September

Palestinian court grants bail to prominent activist

GMT 00:06 2018 Wednesday ,24 January

Emirates signs agreement for 36 additional A380s

GMT 09:59 2018 Wednesday ,10 January

Pakistan reiterates solidarity with Saudi Arabia

GMT 23:01 2016 Wednesday ,30 November

21 killed in artillery shelling of eastern Aleppo

GMT 09:22 2016 Monday ,10 October

US troops in Kuwait came under 'suicide' attack

GMT 21:14 2017 Tuesday ,21 February

Tatas will lead, not follow

GMT 11:24 2017 Wednesday ,15 February

ISIS kidnapped 16 civilians from Anbar

GMT 19:30 2018 Wednesday ,31 October

King congratulates Antigua and Barbuda Governor-General

GMT 00:05 2017 Thursday ,28 December

Guterres extends mandate of UN-backed Lebanon tribunal
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday