Dubai – Mubasher: The profits attributable to the owners of Dubai Investments increased to AED 211.788 million during the second quarter (Q2) of 2020, up from AED 151.214 million recorded in the same period in 2019.
Earnings per share (EPS) for the April-June period in 2020 stood at AED 0.05 when compared to AED 0.04 in the year-ago period, according to a bourse disclosure on Monday.
In the first half (H1) of the year, the company’s earnings contracted to AED 205.002 million from AED 353.243 million logged in H1-19.
Commenting on the results, vice chairman and CEO of Dubai Investments, Khalid Bin Kalban, said, “The results for the first half of the year is an indication of our resilience in these unprecedented and taxing times. Dubai Investments strategy of diversification coupled with a robust business model have been instrumental in successfully facing down the challenges raised by the spread of COVID-19 pandemic.”
“We have been carefully reviewing our cost structure with an eye on optimisation whilst continuing with our efforts aimed at sustained long-term growth. The Group is focused on being adaptable and flexible in the current environment and is geared up to take advantage of opportunities that come our way,” he concluded.
