Dubai: Dubai Investments PJSC (DI), the largest investment company listed on the Dubai Financial Market, announced its preliminary results for the year ending December 31, 2009 yesterday, with net profit of Dh963 million.
DI reported consolidated total income of Dh3.67 billion for the year. Net profit for the fourth quarter of 2009 was Dh141 million, against a loss of Dh87 million in the corresponding period of the previous year. Total assets as of December 31 increased to Dh15.14 billion, while net worth increased to Dh7.92 billion. The return on share capital achieved for the year is 27 per cent, the company said in a press release.
"We are pleased with the results achieved for 2009; the results have been above our expectations, given the challenging market conditions that prevailed throughout the year. DI has been able to maintain its track record of delivering consistently strong results despite a decline in revenue due to the downturn in the real estate sector," said Khalid Kalban, Managing Director and CEO of Dubai Investments PJSC in a statement.
