Mubadala, the Abu Dhabi government's investment vehicle, swung to a profit in the first-half of 2012 helped by lower impairment losses and higher revenue at its key businesses.
The state-owned fund, which has stakes in General Electric and private equity firm Carlyle, posted a first-half profit of 851.5 million dirhams ($231.83 million)compared with a loss of 1.2 billion dirhams for the same period last year.
Unlisted Mubadala, which earlier in the year bought a $2 billion stake in Brazil's EBX Group, saw its revenues rise by 18 percent to 16 billion dirhams from 13.5 billion dirhams in the year-ago period, it said in a statement on Thursday.
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