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Dubai Investments reports net profit of Dhs269m in Q1

United Arab Emirates: Sunday, May 03 - 2009 at 11:15
PRESS RELEASE

Dubai Investments PJSC ("DI") reported net profit of Dhs269m for the three months ended 31 March 2009 ('the Period") with consolidated total income of Dhs831m.

Total assets as at 31 March 2009 have increased to Dhs14.36bn, a growth of 25 per cent over the total assets of Dhs11.47bn as at 31 March 2008. Net Worth as at 31 March 2009 increased to Dhs7.53bn, a growth of 39 per cent over the Net Worth of Dhs5.42bn as at 31 March 2008. The annualized return on Share Capital achieved for the Period is 33%.

"Dubai Investments has maintained its track record of good results even in these difficult times."

said Khalid Bin Kalban, Managing Director and CEO of Dubai Investments.

"These results exceeded our expectations and we anticipate the positive trend to continue in the future. We are now targeting new geographical markets to generate additional revenue streams which would enable us to absorb some of the effects of the downturn."

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Related site: http://www.dubaiinvestments.com

Notes and media contacts

Media Contacts:
Rendala Majdalani
Headline Public Relations
Tel: 9714 - 2289655 Ext 104
Fax: 9714 - 2282125

Posted by Nadeen El Ajou
Sunday, May 03 - 2009 at 11:15 UAE local time (GMT+4)

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Dubai Investments reports net profit of Dhs269m in Q1

Dubai Investments PJSC ("DI") reported net profit of Dhs269m for the three months ended 31 March 2009 ('the Period") with consolidated total income of Dhs831m.

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