Monday, May 2, 2011

Dubai Investments PJSC Reports Net Profit of AED 101 million for First Quarter of 2011

Dubai – UAE: 2 May, 2011 - Dubai Investments PJSC (“DI”), the

largest investment company listed on the Dubai Financial Market, today

announced its financial results for the first quarter ended 31 March 2011

(“the Period”).

DI reported profit of AED 101 million for the Period as compared to

AED 278 million for the comparable period last year. Consolidated total

income for the Period was AED 643 million as against AED 859 million

for the comparable period last year. Total assets as of 31 March 2011

stands at AED 14 billion, while net worth increased to AED 8.6 billion.

The annualized return on share capital achieved for the Period is 11.3%.

The decline in profit as compared to previous period is mainly due to

lower fair valuation gain on investment properties. For the Period, Group

recorded a fair valuation gain of AED 33 million as compared to AED 177

million for the comparable period last year.

Khalid Kalban, Managing Director and Chief Executive Officer of Dubai

Investments, said: “The Group continues to have strong capitalization

with asset base of AED 14 billion and equity of AED 8.5 billion. The

low leverage structure has provided tremendous operational flexibility,

and has allowed the company to respond quickly to changing market

conditions during difficult times.

“The current political situation in MENA and the slow recovery in the

UAE real estate sector are significant challenges. The Group is, however,


expanding capacities in industrial and manufacturing sectors and making

entry into new markets. Further, we are closely monitoring the market

for an appropriate opportunity to enhance and make additions to our

existing investment base.”

About Dubai Investments:

Dubai Investments PJSC (DI) is a world-class company that invests in viable and profitable

entities. With over 20,229 shareholders, and paid-up capital of AED 3.3 billion, it is the largest

investment company listed on Dubai Financial Market.

Dubai Investments PJSC was incorporated in 1995, with the primary objective of investing in

companies and projects.established





including manufacturing, food and related fast moving consumer goods, wholesale and retail

trade representation, healthcare and pharmaceuticals, industrial and commercial properties,

real estate management and property development, transportation, shipping, distribution and

logistics, marketing and sales, publishing and telecommunications.

DI’s mission is to add value and to grow its investment portfolio through active strategic

stewardship, financial engineering and leveraging its corporate brand, business promotion

capabilities, network of relationships, and financial resources.


Anonymous said...

Today you need to Know exactly location where your car is at all times with our real time Car Tracking devices.

Monika Gautam said...

rental service in Dubai contact for more info. Limousines Car Rental Dubai