Dubai Investments reports net profit of Dhs1.1bn for the nine months ended 30 September 2007

The net profit for the period was Dhs1.1bn, 44% more than the net profit of Dhs745m for the same period last year. These outstanding results were the product of excellent performances by group entities.

The total income for the third quarter of 2007 (3Q07) is Dhs731m, 55% more than the total income of Dhs473m for the third quarter of 2006 (3Q06). The net profit for 3Q07 is Dhs268m, 34% more than the net profit of Dhs200m for 3Q06.

Total assets as at 30 September 2007 have increased to Dhs9.23bn, a growth of 60% over the total assets of AED 5.77 billion at the same date last year.

Khalid Kalban, Managing Director and Chief Executive Officer, Dubai Investments, said,

"The fact that we have been achieving record profits each quarter highlights the impressive performance of our subsidiary companies, and reaffirms the importance of our diversification into various sectors. Our consistent performance also underlines the long-standing trust that our shareholders have shown in us, and looking ahead, we are confident that we will achieve even greater results in future."

Total Shareholders' Equity as at 30 September 2007 has increased to Dhs4.44bn, a growth of 32% over the Total Shareholders' Equity of Dhs3.37bn at the same date last year mainly on account of substantial net profits achieved.

The return on average equity achieved for the Period is 26% and return on average share capital of 52%. The earnings per share (EPS) for the Period is 0.49, 40% higher than the EPS of 0.35 for the same period last year. The return on average total assets achieved for the Period is 14%.