Profits surge 65% to AED 266.03mn for Q2-2023
Dubai Investments has announced a 59% increase in net profit to AED 580mn for the six-month period ended 30 June 2023 as compared to AED 364mn during the corresponding period in 2022 and a 65% increase in net profit to AED 266.03mn for the three-month period ended 30 June 2023 as compared to AED 161.54mn for the three-month period ended 30 June 2022.
Total income for the Group increased by 31% from AED 1.55bn for the six-month period ended 30 June 2022 to AED 2.03bn during the six-month period ended 30 June 2023. Total shareholder equity increased to AED 12.90bn as of 30 June 2023, compared to AED 12.84bn as of year ended 31 December 2022, according to a press communique.
“As Dubai Investments progresses into the second half of the year, the Group is upbeat on its overall growth and looks forward to leveraging its expertise in expanding its portfolio and maximizing returns for investors,” asserted Khalid Bin Kalban, Vice Chairman and Chief Executive Officer, Dubai Investments.
