Saturday 29 February 2020
 
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Image courtesy: WAM

Dubai Investments posts $179m net profit in 2019

DUBAI, 23 days ago

The total full-year net profit recorded by the Dubai Investments, which is listed on the Dubai Financial Market, amounted to Dh657.6 million ($179 million) in 2019, compared to Dh651.4 million in 2018, a media report said.

The company’s financial statistics showed that its earnings per share increased to EPS of 15.5 fils in 2019, compared to 15.3 fils in 2018, reported state news agency Wam.

The company’s total assets in 2019 were valued at Dh20.88 billion, compared to Dh19.55 billion in 2018 while total shareholder equity increased from Dh11.915 billion to Dh11.976 billion during the same reporting period.

The company’s revenue in 2019 amounted to approximately Dh2.83 billion while its net operating profit amounted to Dh1.188 billion.
 




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