2023-05-12 22:00:56
Yesterday, Dubai Investments Company announced that it achieved a net profit of 314.45 million dirhams during the first quarter of 2023, an increase of 55%, compared to the same period in 2022, when it achieved profits of 202.55 million dirhams.
The company stated in a statement that the total revenues recorded a growth of 1.02 billion dirhams, compared to 761.04 million dirhams during the first quarter of last year, an increase of 34%.
Total shareholders’ equity also increased to 13.16 billion dirhams, compared to 12.28 billion dirhams during the same period in 2022.
“The company continues to achieve strong results, supported by strategic initiatives and its ability to take advantage of opportunities,” said Khalid bin Kalban, Vice Chairman and Chief Executive Officer of Dubai Investments.
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