Dubai – Mubasher: Dubai Investments posted a 227% hike in net profit attributable to the shareholders to AED 1.48 billion during the first nine months (9M) of 2022, versus AED 455.60 million in 9M-21.
Total income reached AED 3.27 billion during January-September 2022, higher than AED 2.56 billion in the year-ago period, according to the consolidated income statements.
The basic and diluted earnings per share (EPS) rose to AED 0.35 in 9M-22 from AED 0.11 in 9M-21.
In the third quarter (Q3) of 2022, the net profits attributable to the owners of Dubai Investments amounted to AED 1.12 billion, a leap from AED 153.53 million in Q3-21.
The total income increased to AED 1.72 billion in Q3-22 from AED 845.01 million in Q3-21, while the basic and diluted EPS jumped to AED 0.26 from AED 0.04.
Khalid bin Kalban, Vice Chairman and CEO of Dubai Investments, said: “The group has maintained momentum and delivered consistent performance throughout 2022, reflecting the resilience of the business model.”
Kalban added: “In line with the group’s strategy to deliver superior returns to the shareholders, an interim dividend of 7.50% was approved during Q3-22.”
He noted: “The group is focused to take appropriate measures related to strategic investments and will implement planned exits from mature assets over the coming years.”
In the first half (H1) of 2022, the company’s net profits attributable to the equityholders surged to AED 364.08 million, compared to AED 302.06 million in H1-21.
