Abu Dhabi – Mubasher: Abu Dhabi's state-owned Mubadala Development Co reported a 175% growth year-on-year in 2016, according to a statement.
Net profits amounted to AED 3.3 billion in 2016, compared to AED 1.2 billion in 2015.
Total gross income reached AED 4.1 billion in 2016, compared to losses of AED 1.3 billion in 2015.
In 2016, total revenues rose to AED 31.5 billion in 2016 from AED 29.7 billion a year earlier.
Operating income amounted to AED 2.6 billion in 2016, compared to AED 2 billion in 2015.
