Dubai – Mubasher: Dubai Investments posted a 15% year-on-year decline in its profits during the second quarter of 2017, according to a bourse statement.
Profits reached AED 179.39 million ($48.82 million) in Q2-17, compared to AED 211.26 million ($57.50 million) in Q2-16.
Revenues fell 11% year-on-year to AED 586.26 million in Q2-17, while operating expenses grew 11.4% year-on-year to AED 332.58 million in Q2-16.
In the first half of 2017, profits fell 6.5% to AED 1.28 billion from AED 1.37 billion in the prior-year period.
