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Sunday, 30 April 2017

DIFCI reports 4% growth in gross operational profit in 2016 | GulfNews.com

DIFCI reports 4% growth in gross operational profit in 2016 | GulfNews.com:

"DIFC Investments (DIFCI) on Sunday reported a 4 per cent increase in its operating profits to $149 million (Dh546.8 million) in 2016, compared to the previous year. Cash and cash equivalents increased to $345 million, an 11 per cent increase on 2015, and total assets increased to $3.08 billion, a 2 per cent increase on 2015. Fair market value of investment properties rose to $2.55 billion compared to the 2015 figure of $2.49 billion while rental income increased 5 per cent in 2016, to $147 million. “We continue to deliver stable revenue and growth thanks to our resilient business model and steady rental cash flows in a challenging macroeconomic climate. DIFCI continued to create value and achieve profitable growth, delivering a solid operational and financial performance,” Essa Kazim, the Chairman of DIFC Investments LLC (DIFCI) and Governor of DIFC, said in a statement. "



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