Dubai – Mubasher: Dubai Investments Company’s profit rose in the first quarter of fiscal 2016 by 2.21% to AED 291.6 million ($79.4 million) from AED 285.3 million ($77.66 million) in Q1-16.
Gross income reached AED 714.68 million ($194.58 million) by the end of March 2016, increasing 31.6% compared to AED 543.096 million ($147.86 million) in the same period of 2015.
The company’s Managing Director, Khalid Bin Kalban, earlier expected the company’s Q1 profit to reach AED 295 million ($80.32 million), 5% higher than Q1-15’s profit.
The stock declined in today’s trading by 0.46%.
