Surge in net profit to AED 123.8 million in Q1 2021 announced

Dubai Investments has reported a surge in Q1 2021 net profit to AED 123.8 million compared to a loss of AED 6.8 million in the same period last year. The Company’s Total income increased to AED 637.6 million compared to AED 464.8 million in the first quarter of 2020, on the back of strong performances led by the manufacturing, services, and investments segments, while the real estate segment remained resilient.

The company’s total assets remained stable, increasing to around AED 22.0 billion from AED 21.8 billion as on 31st December 2020. Total equity has also increased to around AED 12.2 billion, compared to AED 12.0 billion as on 31st December 2020.