2023-08-04 22:06:30
Dubai Investments announced a net profit of 580 million dirhams during the six-month period ending on June 30, 2023, achieving an increase of 59%, compared to 364 million dirhams for the same period in 2022. The company also achieved an increase in net profit by 65% during For the three-month period ending June 30, 2023, it amounted to 266.03 million dirhams, compared to 161.54 million dirhams for the same period in 2022.
The total revenues of the group recorded a remarkable growth, reaching 2.03 billion dirhams, compared to 1.55 billion dirhams during the comparison period, an increase of 31%. Khalid bin Kalban, Vice Chairman and Chief Executive Officer of Dubai Investments, said: “The revenues achieved and the increase in net profits reflect the strong performance of the real estate sector, supported by large returns from the investment portfolio, as the (Dana Bay) project on Al Marjan Island in Ras Al Khaimah is still It attracts widespread interest, and in addition to the importance and prestige of the real estate sector, our focus also revolves around investing capital efficiently in opportunities with cumulative value.
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