Dubai Investments in Dh205m net profit for first half of year

Dubai Investments recorded Dh205 million in net profits for the first six months of 2020, a sharp drop from the Dh353 million seen a year ago. But the company, which operates in multiple sectors, said the Dh353 million was based on profits from a oneoff transaction. If one were to ignore that, the first-half 2020 results show “resilience”.

“Dubai Investments’ strategy of diversification coupled with a robust business model has been instrumental in successfully facing down the challenges raised by the spread of pandemic,” said Khalid Bin Kalban, Vice-Chairman and CEO. Revenues for the first-half totalled Dh1.13 billion.