Dubai state fund's profit falls by 19% in 2018 | ZAWYA MENA Edition:
Investment Corporation of Dubai (ICD) witnessed a 19.3 percent decline in profit to its owner in 2018 to 16.3 billion United Arab Emirates dirhams ($4.37 billion), newly-filed accounts show.
Profit declined at the sovereign fund despite a 15.7 percent increase in revenue to 232.4 billion.
ICD, which owns the Emirates airline group, Emirates National Oil Co and which has stakes in banks such as Emirates NBD and the soon-to-merge Dubai Islamic Bank and Noor Bank, attributed the decline in profit to "the impact of higher fuel and commodity input prices".
No comments:
Post a Comment