Aug 05 2012
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Dubai Investments PJSC Reports Profit of AED 171 million for Six month Period ended 30 June 2012
Dubai Investments PJSC (" DI "), the largest investment company listed on the Dubai Financial Market , today announced its financial results for the six month period ended 30 June 2012.
DI reported another quarter of strong results with profits of AED 171 million for the period and total income at AED1.26 billion. Total assets as on 30 June 2012 amount to AED 13.6 billion while total liabilities amount to AED 4.6 billion. Net worth of the company stands at AED 9.0 billion and the annualized return on share capital achieved for the period was 9.6 per cent.
Khalid Bin Kalban, Managing Director and CEO, Dubai Investments , said: "The year 2012 has been promising and there has been renewed investment activity in the region which is a sign of economic growth. The tourism sector has been on the upswing for sometime and now the local real estate market is also picking up. All these factors have contributed to the Group's sustained performance."
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Dubai Investments PJSC ( DI ) is a world-class company that invests in viable and profitable entities. With over 19,894 shareholders, and paid-up capital of AED 3.5 billion, it is the largest investment company listed on Dubai Financial Market .
Dubai Investments PJSC was incorporated in 1995, with the primary objective of investing in companies and projects. DI has established companies encompassing a diverse range of sectors including manufacturing, food and related fast moving consumer goods, wholesale and retail trade representation, healthcare and pharmaceuticals, industrial and commercial properties, real estate management and property development, transportation, shipping, distribution and logistics, marketing and sales, publishing and telecommunications.
DI 's mission is to add value and to grow its investment portfolio through active strategic stewardship, financial engineering and leveraging its corporate brand, business promotion capabilities, network of relationships, and financial resources.
For media inquiries, please contact:
Tel: 971 4 369 2836
Mobile: 971 55 9548658
© Press Release 2012
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