Dubai: Dubai Investments PJSC, the largest investment company listed on the Dubai Financial Market, on Monday announced its financial results for the nine-month period ending September 30, 2010.
Dubai Investments again reported strong results with net profit of Dh688 million for the period and total income of Dh2.5 billion. The annualised return on share capital achieved for the period is 26 per cent, the company said in its statement.
As a strong indicator of performance and an encouraging future outlook, the company said its liabilities as at September 30 stood only at Dh4.89 billion, while its current assets alone amounted to Dh5.48 billion.
This meant that current assets of the company were more than sufficient to meet all liabilities, a company spokesman said. The company was well capitalised with equity of Dh9.1 billion over an asset base of Dh13.99 billion and a leverage ratio of less than 25 per cent.
Due to its low leveraged structure, Dubai Investments had been able to maintain its strong market position and achieve consistent good results even in difficult times, it said.
Khalid Bin Kalban, Managing Director and CEO of Dubai Investments PJSC said: "We delivered another good quarter and expect to continue the momentum for the year end".
"Market conditions gradually continue to improve and positive developments specifically in UAE and GCC provide promising outlook for the future," Kalban said.
"DI's primary focus continues to remain on effective management of liquidity and exploring new markets in the GCC and beyond," Kalban said.
