Dubai: Dubai Investments reported on Monday a 2.7 per cent increase in net profit for the 2015 fourth quarter.
The company made Dh357 million in the three months to December 31, 2015 compared to Dh348 million a year earlier, according to a statement posted to the Dubai Financial Market (DFM).
For the full year, Dubai Investments said it made Dh1.1 billion attributable to shareholders.
It said this represents a 27 per cent increase compared to the Dh871 million net profit in 2014 when excluding the one-off Dh472 million it made that year divesting its 66 per cent stake in Globalpharma.
“We have once again delivered strong results against the backdrop of a challenging environment. This underpins the diverse nature and adaptability of our businesses which enable us to take advantage of varied opportunities that arises in the market from time to time,” Khalid Bin Kalban, Managing Director and Chief Executive of Dubai Investments, said in Monday’s statement.
Total assets rose by Dh1 billion to Dh15.5 billion as of December 31, 2015, an increase of 7 per cent compared to the end of 2014.