Dubai Investments’ net profits up 47% in H1-21

Dubai Investments’ net profits up 47% in H1-21

The net profits attributable to the owners of hiked by 47% to AED 302.068 million during the first half (H1) of 2021 from AED 205.002 million in the year-ago period, as shown by the company's consolidated interim financials for the six-month period ended 30 June 2021. Higher net profits are driven by the enhanced performance of the manufacturing and contracting and investment segments. The company's income increased by 51% to AED 1.723 billion in H1-21 from AED 1.137 billion in the same period of 2020. The basic and diluted earnings per share (EPS) settled at AED 0.07 in the January-June period of 2021, versus AED 0.05 in the corresponding period of the earlier year. The said: It is noteworthy to mention that during the first quarter (Q1) of 2021,