The financial statements of Dubai Investments Company showed an increase in the company's profits in the first nine months of this year by 9% year on year.
According to the company's results for the Dubai Financial Market, today, Thursday, the profits for the period amounted to 455.6 million dirhams, compared to profits for the same period in 2020 of 418.1 million dirhams.
The company said in a statement to the market that the increase in profits during the comparison periods is mainly due to the 31% increase in operating revenues compared to the same period of the previous year.
In addition to achieving a profit from the fair valuation of investments of 58.3 million dirhams, compared to recording losses of 24.3 million dirhams during the first nine months of 2020.
The increase in profit from selling investments amounted to 31 million dirhams during the first nine months of this year, compared to 16.2 million dirhams during the same period last year.
In addition, dividend income and financing income increased by 80% and 190%, respectively. This is also due to a 32% decrease in financing costs to reach 162.5 million dirhams during the first nine months of 2021, compared to 237.8 million dirhams during the same period in 2020.
