Abu Dhabi: Mubadala Development Company reported on Thursday Dh1.16 billion in net profit for 2015, marking a 12 per cent increase from the Dh1 billion reported in 2014.

Revenues were also higher, reaching Dh34.1 billion in 2015 — up 4.2 per cent from the Dh32.7 billion in 2014.

This was primarily due to higher semiconductor, information and communications technology, health care, and real estate-related revenues, the Abu Dhabi-based investment firm said in a statement.

Total comprehensive income for the year, which measures all forms of income, however, was “a Dh1.32 billion loss”, representing a significant drop from the “Dh190.8 million loss” reported in 2014 a statement said.

“Mubadala managed through the significant macroeconomic volatility of 2015 to mark moderate increases in revenue and profit. We remain resolutely focused on prudent cash management and cost control, as well as active oversight of our assets in order for us to navigate the anticipated challenging market condition of 2016 and beyond,” Khaldoon Al Mubarak, Mubadala’s group chief executive officer and managing director, said in a statement.

The company’s total assets stood at Dh246.4 billion at the end of 2015 — up from Dh243.6 billion at the end of 2014.

Carlos Obaid, Mubadala’s chief financial officer, said the business will continue to “pursue monetisation opportunities for our mature assets and make targeted investments that advance our four business platforms.”

While Obaid did not elaborate on such monetisation opportunities, the company had earlier said it was open to selling its aviation services unit, SR Technics, provided a seller offers the right price.

Looking at each of sectors Mubadala operates in, the ‘Technology and Industry’ segment shows the biggest net loss, which reached Dh3.73 billion in 2015 — up from Dh3.1 billion in losses recorded in 2014.

The Aerospace and Engineering sector, however, recorded a jump in net profits, which reached Dh1.7 billion in 2015 — up from Dh719.5 million the year before.

Earlier this month, Mubadala said it was looking to establish a new manufacturing facility producing carbon fibres used for aircraft parts, with construction on the Al Ain facility expected to start in 2017.

The facility is part of the company’s strategy to boost investments in non-oil sectors of the economy to ensure diversification.

According to Homaid Al Shemmari, chief executive officer of Aerospace and Engineering Services at Mubadala, the plunge in oil prices has not lead to any change in such investment plans.

“Mubadala is a long-term investor, and you shouldn’t expect any waves. This is the cyclical nature of the industry, and we’re going to deal with it. Our long term plans are still as solid as ever, and we’re going to continue delivering on that. We must not allow this downturn in the price of oil to deter us from our plans,” Al Shemmari told Gulf News.

Meanwhile, the Healthcare segment recorded Dh33.4 million in net profit in 2015, a jump from the Dh5.7 million in net losses seen in 2014. The Real Estate and Infrastructure sector, however, recorded lower net profits of Dh994.2 million in 2015 — down from Dh1.7 billion in 2014.