Dubai – Mubasher: Dubai Investments, listed on the Dubai Financial Market (DFM), on Tuesday reported a 32.4% year-on-year decline in net profit for the second quarter of 2018.
Net profit stood at AED 129.1 million in the three-month period ended June, versus AED 190.9 million in the year-ago period, the company added in a statement.
In the first half of 2018, profits increased by 2% to AED 491 million, compared to AED 479.9 million in H1-17.
The company’s total assets amounted to AED 19.04 billion in H1-18, up from AED 17 billion at the end of December 2017.
Total income reached AED 1.58 billion in the six-month period ended June, compared to AED 1.28 billion in the prior-year period.
Dubai Investments previously posted a 25% year-on-year rise in net profit during Q1-18, recording AED 361.9 million, versus AED 289 million.
