Dubai – Mubasher: Dubai Investments reported a decline in its profits by 28.2% year-on-year during the third quarter of 2016, according to a bourse filing.
Profits reached AED 340.24 million ($92.63 million) in Q3-16, compared to AED 265.45 million ($72.27 million) in Q3-15.
The company achieved profits of AED 843.12 million in the first nine months of 2016, up 10% from AED 766.86 million in the same period of 2015.
Total revenues grew 17.7% to reach AED 2.19 billion as at 30 September 2016, compared to AED 1.86 billion as at 30 September 2015.
Operating costs increased 26.3% to AED 1.1 billion in the same nine months of 2016, compared to AED 871.01 million in the prior-year period.
