Dubai Investments reports net profit of AED 205 million for the six month period ended June 30, 2020
Dubai Investments PJSC [DFM: DIC], the leading, varied investment business listed on the Dubai Financial Market, has reported web revenue of AED 205 million for the period finishing June 30, 2020, contrasted to AED 353 million for the same duration in 2015.
The decrease in net profit is primarily attributable to a one-off gain on a procurement deal in the previous duration as well as the effect of COVID-19.
Khalid bin Kalban, Vice Chairman and Chief Executive Officer of Dubai Investments, claimed, "The outcomes for the first fifty per cent of the year is an indicator of our resilience in these extraordinary and challenging times.
Dubai Investments technique of diversity combined with a robust organisation design has been instrumental in effectively facing down the difficulties raised by the spread of COVID-19 pandemic.
We have been carefully examining our expense structure with an eye on optimization whilst proceeding with our efforts focused on continual long-lasting development.
The Team is concentrated on being versatile as well as adaptable in the present atmosphere as well as is geared up to make the most of opportunities that come to our means."