Dubai Investments reports net profit of Dh269m for first quarter

Dubai: Dubai Investments PJSC (DI) reported a net profit of Dh269 million for the three months ended March 31 2009 with a consolidated total income of Dh831 million. Total assets as of March 31 have increased to Dh14.36 billion, a growth of 25 per cent over the total assets of Dh11.47 billion as at March 31 2008. Net Worth increased to Dh7.53 billion, a growth of 39 per cent over the net worth of Dh5.42 billion as of 31 March 2008. The annualised return on share capital achieved for the period is 33 per cent. "Dubai Investments has maintained its track record of good results even in these difficult times," said Khalid Bin Kalban, Managing Director and CEO of Dubai Investments.

"These results exceeded our expectations and we anticipate the positive trend to continue in the future. We are now targeting new geographical markets to generate additional revenue streams which would enable us to absorb some of the effects of the downturn."