National Investor registers 94% decline in net profit

Abu Dhabi-based investment and merchant banking company The National Investor's (TNI) net profit fell to Dh6 million for the year ended March 31 from Dh113.6m in the previous year, registering a drop of 94.7 per cent.

The company said it recorded a substantial drop in revenues as a result of the global economic crisis.

Describing the past year as one of the most challenging ever faced by the Abu Dhabi-based investment and advisory company, TNI's Chairman Abdullah M Al Mazrui said: "I feel satisfied with the achievements of our team during the past year. Our employees combined their expertise to protect TNI's franchise in an environment characterised by financial turmoil and uncertainty.