Dubai Investments reports net profit of AED 269 million for the three months ended 31 March 2009.Summary: Dubai Dubai (d  bī`), sheikhdom (1995 pop. 674,101), c.1,500 sq mi (3,890 sq km), part of the federation of seven United Arab Emirates, SE Arabia, on the Persian Gulf. Investments PJSC PJSC Public Joint Stock CompanyPJSC Private Joint Stock Company ("DI") reported net profit of AED AED - Automated Engineering Design 269 million for the three months ended 31 March 2009 ('the Period") with consolidated total income of AED 831 million. Total assets as at 31 March 2009 have increased to AED 14.36 billion, a growth of 25 per cent over the total assets of AED 11.47 billion as at 31 March 2008. Net Worth as at 31 March 2009 increased to AED 7.53 billion, a growth of 39 per cent over the Net Worth of AED 5.42 billion as at 31 March 2008. The annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. return on Share Capital achieved for the Period is 33%. Dubai Investments PJSC ("DI") reported net profit of AED 269 million for the three months ended 31 March 2009 ('the Period") with consolidated total income of AED 831 million. Total assets as at 31 March 2009 have increased to AED 14.36 billion, a growth of 25 per cent over the total assets of AED 11.47 billion as at 31 March 2008. Net Worth as at 31 March 2009 increased to AED 7.53 billion, a growth of 39 per cent over the Net Worth of AED 5.42 billion as at 31 March 2008. The annualized return on Share Capital achieved for the Period is 33%. "Dubai Investments has maintained its track record of good results even in these difficult times" said Khalid Bin Kalban, Managing Director and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Dubai Investments. "These results exceeded our expectations and we anticipate the positive trend to continue in the future. We are now targeting new geographical markets to generate additional revenue streams which would enable us to absorb some of the effects of the downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. " 2009 Al Bawaba (www.albawaba.com) 2009 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
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