Mubadala Investment Company swings to profit in H1 2017 | GulfNews.com

Mubadala Investment Company swings to profit in H1 2017 | GulfNews.com:

"Mubadala Investment Company swung to a profit of Dh4.2 billion in the first half of 2017 compared to a loss of Dh4.7 billion during the same period last year due to strong performance of the company. Revenues were Dh83.4 billion in the first half of this year, compared to Dh72.9 billion for the same period in 2016 due to strong performance and higher revenues across Mubadala’s four investment platforms, with the primary drivers being the upstream and integrated oil and gas, semiconductors, and aerospace sectors. “The results from the first half of 2017 reflect the strength and scale of Mubadala Investment Company’s diversified global portfolio and robust balance sheet. We will continue to integrate, optimize and grow the company’s assets under our global business platforms, to create and realize maximum financial and strategic returns to support diversification of the economy of Abu Dhabi and the country,” said Group Chief Executive Officer and Managing Director, Khaldoon Khalifa Al Mubarak."



'via Blog this'