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02-02-22
Dubai Investments registers net profit surge of 78 percent
(MENAFN) Dubai Investments, a diversified investment firm, has registered a notable surge in profits for last year, propped up by robust business operations.
According to Albayan, net profits soared by 78 percent, hitting 619 million dirhams (USD168 million) in 2021 in comparison to 347.5 million dirhams in 2020. The firm’s profits increased to 3.42 billion dirhams in 2021 from 2.67 billion dirhams a year before.
Based on the company’s statement to the Dubai Financial Market, the firm accredited the surge in revenues to a robust performance in its production, contracting, as well as facilities sectors.
The Dubai-listed company which was built in 1995, owns a share in various businesses in several sectors involving property, education, industrial, financial facilities, as well as health care.
MENAFN02022022000045013568ID1103629336
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