Home UAE Dubai Dubai Investments Q1 Net Profit Jumps 26% The firm also confirmed that it planned to sell off some assets. by Reuters May 5, 2014 Follow us Follow on Google News Follow on Facebook Follow on Instagram Follow on X Follow on LinkedIn Dubai Investments’ first-quarter net profit rose 26 per cent, the conglomerate said in a bourse filing on Monday, adding that it planned to sell off some assets. Confirming their forecast a week ago, the company said its profit for the three months to March 31 was Dhs265 million ($72.2 million). That would compare with a profit of Dhs211 million in the prior-year period. In the same statement, the company quoted its chief executive officer, Khalid Bin Kalban, as saying: “We are edging towards completion of a divestment transaction which will significantly contribute to the group’s profitability.” Kalban did not give further details. 0 Comments