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Dubai Investments Posts 6.5% Q1 Net Profit Rise

Dubai Investments Posts 6.5% Q1 Net Profit Rise

The conglomerate said its net profit was Dhs282 million in the first quarter of 2015.

Dubai Investments said on Wednesday that its net profit for the first quarter rose 6.5 per cent on the back of its real estate and manufacturing businesses.

The conglomerate, in which sovereign fund Investment Corp of Dubai owns an 11.5 per cent stake, said its net profit was Dhs282 million ($76.8 million) in the three months to March 31, compared with Dhs265 million in the same period of 2014.

“The company’s real estate and manufacturing businesses have witnessed positive trends, and both the sectors are expected to continue the growth trajectory through the year,” Khalid bin Kalban, the firm’s chief executive, said in a statement.

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