Dubai Investments reports 9-month profits of AED 688m

01/11/2010 - Dubai Investment News
Dubai Investments reports 9-month profits of AED 688m

Posted by Neil King

Dubai Investments (DI), the largest investment company listed on the Dubai Financial Market, has announced a net profit of AED 688 million for the nine-month period ending September 30th 2010.

In a statement, the company also reported an annualised return on share capital for the period of 26 per cent.

It was reported that "as a strong indicator of performance and encouraging future outlook", company liabilities at the end of the period stood at AED 4.89 billion, while current assets amounted to AED 5.48 billion.

Meanwhile, DI was said to be well capitalised with equity of AED 9.1 billion over an asset base of AED 13.99 billion and a leverage ratio of less than 25 per cent.

"We delivered another good quarter and expect to continue the momentum for the year end," commented DI Khalid Bin Kalban.

"Market conditions gradually continue to improve and positive developments specifically in UAE and GCC provide promising outlook for the future."