Dubai – Mubasher: Dubai Investments logged net profits amounting to AED 637.06 million in the first nine months (9M) of 2024, lower than AED 759.61 million in 9M-23.
Total income amounted to AED 2.96 billion as of 30 September 2024, down year-on-year (YoY) from AED 2.99 billion, according to the unaudited financial results.
Basic and diluted earnings per share (EPS) retreated to AED 0.15 in 9M-24 from AED 0.19 in 9M-23.
Financial Results for Q3-24
During the third quarter (Q3) of 2024, the DFM-listed company posted net profit valued at AED 235.60 million, compared to AED 209.04 million a year earlier.
The total income dropped to AED 932.26 million in Q3-24 from AED 967.66 million in Q3-23, while the basic and diluted EPS was kept unchanged at AED 0.06.
As of 30 June 2024, the net profits attributable to the owners of Dubai Investments shrank to AED 409.20 million from AED 580.48 million in the year-ago period.
