Dubai: Dubai Investments said on Monday it expects to maintain the momentum going forward after net profit rose 17.4 per cent to Dh189 million in the three months to September.
Income was almost flat at Dh623 million in the September quarter.
The company’s net profit jumped 87 per cent to Dh995 million in the nine months to September, while total income rose to Dh2.4 billion in the same period as against Dh1.9 billion in the same period last year. Total assets stood at Dh14.25 billion until September 30.
“DI has ramped up its liquidity following strong operating results and this will enable us to take advantage of opportunities in the market. Several projects and investments are currently under consideration and these will maintain the momentum going forward while providing enhanced value to shareholders,” said Khalid Bin Kalban, managing director and chief executive officer at Dubai Investments.
Sovereign fund Investment Corp of Dubai owns an 11.5 per cent stake in Dubai Investments.