Dubai-Mubasher: The Investment Corporation of Dubai posted a decline of 3% in profits of the fiscal year 2015, according to a recent statement issued Tuesday.
The investment arm of Dubai government’s FY15 net earnings decreased to AED 27.5 billion from AED 28.4 billion in FY14.
Assets grew by 7.1% to AED 720.1 billion in FY15 as compared to AED 672.2 billion in the previous year.
Revenues reached AED 177.4 billion in FY15, compared to AED 192 billion in FY14; a decline of 7.6%.
