Dubai – Mubasher: Dubai Investments posted a 5.5% year-on-year decline in its profits during the first quarter of 2017, according to a bourse statement.
Profits reached AED 275.5 million ($75 million) in Q1-17, compared to AED 291.61 million ($79.38 million) in Q1-16.
Revenues fell to AED 697.24 million in Q1-17, while operating expenses declined to AED 340.69 million in Q1-17.
The company generated profits of AED 1.22 billion in 2016, up 9.9% from AED 1.11 billion in 2015.
