Dubai Investments reports AED 1.1 billion net profitStaff writer ▼ | February 2, 2016
Dubai Investments announced preliminary, unaudited results for the period ended December 31, 2015.
Dubai Investments A strong full-year 2015 net profit
Excluding the previous year’s one-off profit of AED 472 million on the 66% divestment of Globalpharma, this represents an increase of 27% compared to AED 871 million net profit achieved in 2014. Return generated on average equity was 10.3%.
The net profit for Q4 2015 was AED 357 million, a year-on-year increase of 2.7% compared to AED 348 million for Q4 2014. Total assets rose by AED 1 billion to AED 15.5 billion as at 31 December 2015, an increase of 7% compared with AED 14.5 billion at the end of 2014.
Dubai Investments owns 41 subsidiaries, joint ventures and associates across a diverse range of sectors and continues to seek new investment opportunities in new sectors, locally and internationally, as part of its strategic roadmap. ■