Dubai Investments has reported a 2.6% increase in net profit for the fourth quarter of 2015.
The conglomerate, in which sovereign fund Investment Corp of Dubai owns an 11.5% stake, made a profit of $97.3m (AED357.3m) in the three months to December 31, Reuters calculated based on its annual financial statement in lieu of a quaterly breakdown.
This increase compares with $94.7m (AED348.1m) for the same period in 2014. Â
Dubai Investments’ 2015 net profit was $302m (AED1.11bn) – down from $364m (AED1.34bn) in 2014, according to a bourse statement.Â