Dubai Investments reports 64 percent surge in net profits to $55.13 million in the first quarter of 2022 – Arabian Business

Dubai Investments reports 64 percent surge in net profits to $55.13 million in the first quarter of 2022 – Arabian Business

Dubai Financial Market-listed diversified investment firm Dubai Investments PJSC has posted a 64 percent surge in net profit to $55.13 million (AED 202.5 million) for the first quarter of 2022, compared to AED 123.8 million during the corresponding period in 2021.  

The group’s total income also increased to AED 761 million compared to AED 637.6 million during the first quarter of 2021, marking an increase of 19 percent.

The growth in net profit and total income for the period is driven by the robust performance across the property and the manufacturing, contracting, and services segments, the firm said in a statement.