Dubai – Mubasher: The profits attributable to the owners of Dubai Investments decreased to AED 418.07 million during the first nine months of 2020 from AED 458.73 million in the year-ago period.
The company's revenues reached AED 1.9 billion in the January-September period of 2020, as shown by the company's interim financials for the period ended on 30 September 2020.
The basic and diluted earnings per share (EPS) settled at AED 0.10 in the first nine months of 2020, versus AED 0.11 in the corresponding period of the earlier year.
During the third quarter (Q3) of 2020, the company's net profits increased to AED 213.07 million, up 102% from AED 105.49 million in the same quarter of 2019.
Commenting on the company's performance, the Vice Chairman and CEO of Dubai Investments, Khalid bin Kalban, said: "Careful review, analysis, and optimization of the resources coupled with a competitive growth strategy, has been instrumental in enhancing business endurance."
Kalban added: "One of the examples of this is the upcoming launch of REIT by Al Mal Capital, one of the subsidiaries of Dubai Investments PJSC, that is expected to be listed on DFM in January 2021."
It is noteworthy to mention that in the second quarter (Q2) of 2020, the company's net profits increased to AED 211.788 million, up from AED 151.214 million recorded in the same period in 2019.
