Dubai Investments’ quarterly profit fell 15% to reach 178 million dirhams.
The company, listed on the Dubai market, attributed the drop in profits to the increase in selling costs of 140 percent to reach 760 million dirhams.
The company experienced a jump in real estate sales revenue in the second quarter, in what it recorded 330 million dirhams, compared to 4 million dirhams in the corresponding period.
During the first half, the company made a net profit of 302 million dirhams for the first half of questyear that ended June 30, 2021, an increase of 47% compared to the 205 million dirhams of the same period last year.
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