Dubai’s ICD posts 18% jump in H1 2013 revenue

May 11, 2014 1:07 am

Investment Corporation of Dubai (ICD) has reported 18% rise in revenue in the first half of 2013 to Dhs91.2bn ($24.8bn), compared with Dhs77.3bn in the same period in the previous year, Reuters has reported. However, net profit dropped to Dhs8.1bn from Dhs8.5bn in the year-earlier period, which ICD blamed on administrative expenses and higher finance costs.