Dubai Investments reports net profit of AED 488 million for the three months ended 31 March 2008 Achieves growth of11% over the net profit for the same period last year
Dubai Investments PJSC (“DI”) reported exceptional results for the three months ended 31 March 2008 (‘the Period”), with consolidated total income of AED 1.16 billion, 57 per cent more than the total income of AED 739 million for the three months ended 31 March 2007 (“same period last year”). The net profit for the period was AED 488 million, 11 per cent more than the net profit of AED 439 million for the same period last year. These outstanding results were the product of excellent performances by group entities.
Total assets as at 31 March 2008 have increased to AED 11.47 billion, a growth of 66 per cent over the total assets of AED 6.9 billion as at 31 March 2007.
Total Shareholders’ Equity as at 31 March 2008 increased to AED 5.42 billion, a growth of 31 per cent over the Total Shareholders’ Equity of AED 4.14 billion at the same date last year mainly on account of substantial net profits achieved.
The return on average equity achieved for the Period is 9.4% and return on average share capital is 22%. The earnings per share (EPS) for the Period is 0.21, as compared to EPS of 0.19 for the same period last year. The return on average total assets achieved for the Period is 4.5%.
Dubai Investments PJSC (“DI”) reported exceptional results for the three months ended 31 March 2008 (‘the Period”), with consolidated total income of AED 1.16 billion, 57 per cent more than the total income of AED 739 million for the three months ended 31 March 2007 (“same period last year”). The net profit for the period was AED 488 million, 11 per cent more than the net profit of AED 439 million for the same period last year. These outstanding results were the product of excellent performances by group entities.
Total assets as at 31 March 2008 have increased to AED 11.47 billion, a growth of 66 per cent over the total assets of AED 6.9 billion as at 31 March 2007.
Total Shareholders’ Equity as at 31 March 2008 increased to AED 5.42 billion, a growth of 31 per cent over the Total Shareholders’ Equity of AED 4.14 billion at the same date last year mainly on account of substantial net profits achieved.
The return on average equity achieved for the Period is 9.4% and return on average share capital is 22%. The earnings per share (EPS) for the Period is 0.21, as compared to EPS of 0.19 for the same period last year. The return on average total assets achieved for the Period is 4.5%.
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