Abu Dhabi – Mubasher: Dunia Group’s annual profits reached AED 73.1 million in the twelve-month period ended 31 December 2016, according to its audited financial results.
This marks the group’s sixth consecutive year of profits, as Dunia Finance reported a net profit of AED 71.3 million and Dunia Services achieved AED 1.8 million in 2016, according to a statement on Sunday.
The group posted an operating income of AED 879.2 million in 2016, marking an increase of 7.3% from 2015.
The company recommended an aggregate dividend of AED 56 million for the year.
Rajeev Kakar, managing director and CEO of the group, said: “The macroeconomic environment experienced in 2016 led to us taking a number of timely strategic actions to realign business priorities that have helped to ensure continued predictable and profitable returns on a sustained basis.”
