Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Download our Media Kit

 





Home / Features / Investment Corporation of Dubai H1 net profit up to AED10.3 billion
Special Features

Investment Corporation of Dubai H1 net profit up to AED10.3 billion

Investment Corporation of Dubai (ICD) has announced its consolidated financial results for the six month period ended 30 June 2017 having achieved revenues of AED93.2 Billion and net profit of AED10.3 billion. Revenues increased to AED93.2 Billion, rising 13.1 percent from the prior year period, mainly due to a growth in operating segments with the largest increases in oil and gas and transportation services.

Net profit reached AED10.3 Billion, rising 0.3 percent from the prior year period and net profit attributable to the equity holder of ICD was AED8.3 Billion, rising 0.6 percent. Net Profit benefited from higher commodity prices in oil and gas and Industrial operations and continued strength in banking and financial services which offset pressure on yields in transportation services.

Assets increased to AED 786.8 Billion, rising 2.2 per cent from year end 2016, primarily resulting from an increase in loans and receivables in Banking and Financial Services and the acquisition of ALEC Engineering & Contracting. Liabilities increased to AED 572.1 Billion, rising 2.1 per cent from year end 2016, primarily resulting from higher customer deposits in banking and financial Services. The equity attributable to the equity holder of ICD was AED178.0 Billion, rising 2.5 percent from year end 2016.

Mohammed Ibrahim Al Shaibani, Executive Director and CEO, ICD, said, "In the first half of 2017 the portfolio of ICD continued to deliver strong operating and financial results and steady growth. ICD remains focused on expanding its capabilities and investing in opportunities that will support long-term growth and contribute to the prosperity of Dubai."



  All fields are mandatory
Your Name
Email
City
Country
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

     


View Special Features by Category
Airlines & Airports
Art & Gallery
Banks & Financial sector
Business
Car Industry
Dubai Government
Dubai Metro
E-Guides
Eco-Friendly
Education & Institutions
Electronics
Entertainment
Events & Occassions
Exhibition Center
Family Shows
Food & Beverages
Free Zones
Golf Clubs
Government Departments
Health & Fitness
History & Culture
Home/Furnishing/Interiors
Hospitals & Clinics
Hotels & Hospitality
Identity cards
Internet Services
Media & News
Mortgage
Music
Online Food Service
Online Store
Organisations
Other
Other Emirates
Parks & Beaches
Precious Metals
Real Estate & Property
Religion & Culture
Resorts & Clubs
Restaurants
Shopping Malls
Spas
Special Centres, Groups & Communities
Sports & Events
Sports Bars
Technology
Trade Fair
Travel & Leisure
UAE Market News
VIP Services
Wedding Planners

Back to top





Daily Guide

 



Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
sitemap
Sitemap
DCG at a glance