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Dubai Investments reports AED963 million profit

Company had a consolidated total income of AED3.67 billion in 2009.

January 27, 2010 4:47 by

Dubai Investments has reported a net profit of AED963 million for 2009, the DFM-listed company said today in a statement.

The company reported a consolidated total income of AED3.67 billion for the year. Its total assets as at 31st December 2009 increased to AED15.14 billion, the company said.

“With the global economy gradually recovering, we expect to post improved results in 2010, and are planning to invest AED500 million over the course of the year, which would include investment in new projects as well as the expansion of existing ventures,” said Khalid Kalban, managing director and CEO of Dubai Investments, said in a statement.

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