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Back to Local News listRevalued assets hit fund's profit
Dubai Investments first-half profit fell 18 per cent from last year, after a dhs33.5 million loss in the fair value of its assets.
The firm’s net profit up to the end of June was dhs481.9 million, compa-red with dhs587.3 million in the first half of 2009.
However, Dubai Investment’s mana-ging director and CEO Khalid Bin Kalban said that the company had a “strong market position”.
“The company is well capitalised with equity of dhs8.87 billion over an asset base of dhs13.91 billion with leverage ratio at less than 25 per cent,” he said. “It is because of this low leveraged structure that DI has been able to maintain its strong market position and achieve consistent results even in these difficult times.”
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Tags: Dubai Investments,
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