Wednesday 28 July 2010

Dubai Investments Q2 profit falls 32 pct, UAE Conglomerates, Industry - Maktoob Business

UAE conglomerate Dubai Investments Co posted a 32-percent drop in second quarter net profit on Wednesday, after being hit by a loss on the fair value of its investments.

The firm made a net profit of 196.3 million dirhams ($53.46 million) for the three months to June 30, it said in a statement.

That was down from 287 million dirhams a year earlier."

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