Dubai-based group said that 2018 profit included a one-off gain on merger and acquisition transaction
Dubai Investments has said that its annual net profit increased to Dh657.55 million ($179 million) last year compared to Dh651.43 million in the corresponding period.
In a statement, the Dubai-based group said that 2018 profit included a one-off gain of Dh33 million on merger and acquisition transaction.
"Net operating profit increased from Dh1.07 billion to Dh1.1 billion while revenues fell from Dh3 billion to Dh2.8 billion year-on-year," according to the preliminary un-audited results of the company.
Total assets stood at Dh20.88 billion last year as against Dh19.5 billion in the previous year, the statement said.
