Dubai-Mubasher: Dubai Investments posted a 2.3% decline year-on-year in its profits for the second quarter of 2016, according to a bourse statement.
Profits reached AED 218.36 million ($59.45 million) in Q2-16, compared to AED 223.44 million ($60.84 million) in Q2-15.
The Dubai-listed investment firm generated profits of AED 515.91 million in H1-16, a rise of 2% from AED 505.62 million in H1-15.
Total revenues increased by 18.1% to AED 1.37 billion in H1-16, compared to AED 1.16 billion in the prior-year period.
Operating expenses stood at AED 714.67 million in H1-16, a 35% growth from AED 529.2 million in H1-15
The company’s stock went up 0.95% to AED 2.12 in Monday's early trades, after turnover of AED 654,100 generated from the exchange of 309,600 shares.
