Dubai Investments net profit jumps 118% to Dhs805m
Dubai Investments PJSC “DI” said that its net profit for the first six months of 2014 has surged to Dhs805m, an increase of 118% compared to a net profit of Dhs370m for the similar period last year, Zawya has reported. Announcing its financial results for the six-month period ended June 30, 2014, DI reported a consolidated total income Dhs1.8bn in the first half of 2014, as against Dhs1.3bn for the comparable period last year. Total assets as on June 30, 2014 stood at Dhs13.5bn, while net worth increased to Dhs9.6bn. The annualised return on share capital achieved for the period was also higher at 42.1%, compared to 21.5% for the full year of 2013.