Dubai Investments PJSC (“DI”), the largest investment company listed on the Dubai Financial Market, today announced its financial results for the first quarter ended 31st March 2010 (“the Period”).
DI reported net profit of AED 278 million for the Period, as compared to AED 150 million for the previous quarter ended 31 December 2009 and AED 269 million for the comparable period last year. Consolidated total income for the Period was AED 859 million as against AED 831 million for the comparable period last year. Total Assets as at 31st March 2010 stands at AED 14 billion, while Net Worth increased to AED 8.2 billion. The annualized return on share capital achieved for the Period is 31%.
“DI’s strong performance in the first quarter, with an increase in profit of 85% over the previous quarter ended 31 December 2009, once again demonstrates its ability to deliver consistently good results in these difficult times,” said Khalid Bin Kalban, Managing Director and CEO of Dubai Investments PJSC. “DI’s strong fundamentals and diversified investment base provide it with tremendous operational flexibility, and this has allowed the company to respond quickly to changing market conditions and deliver good earnings performance even during difficult times.”
“DI’s prospects for the future remain robust, and we are looking to increase our revenue streams by further broadening our investment base,” Kalban concluded.
