Dubai Investments (DI) has reported exceptional results for the first half of this year with consolidated total income of Dh1.77 billion ($481 million), 77 per cent higher than the Dh1 billion it earned for the same period of last year.

The net profit for the period was Dh803 million, up 48 per cent over the Dh544 million it realised for the same period in 2006.
“These outstanding results were the product of excellent performances by group entities,” DI said.
The total income for the second quarter of 2007 was Dh1.03 billion, which was 90 per cent higher than the Dh542 million earned for the second quarter of 2006. The net profit for the second quarter was Dh364 million, up 25 per cent compared with the net profit of Dh292 million for the same quarter in 2006. Total assets as at 30 June 2007 have increased to Dh7.5 billion, a growth of 47 per cent over the figure of Dh5.1 billion for the same period last year.
Total shareholders’ equity as at 30 June 2007 increased to Dh4.2 billion, a growth of 31 per cent over the level of Dh3.2 billion that prevailed at the same date in 2006.