Delivery of properties and better earnings have helped Dubai Holding Commercial Operations Group (DHCOG), to return to profitability, recovering from a loss of Dh23.5 billion in 2009 to a profits of Dh127 million in 2010, the company said in a statement.
Dubai Holding, one of the emirate's large conglomerates owned by the government, went through a restructuring process in 2009, when it realigned some of its companies under more focused verticals to reduce costs.
All of its three core subsidiaries, Jumeirah Group (Jumeirah), Dubai Properties Group (DPG), and Tecom Investments, performed well.
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