DUBAI: Dubai ruler’s flagship company Dubai Holding said yesterday that its unit Dubai Holding Commercial Operations Group (DHCOG) has almost tripled its 2013 net profit to Dh3.3bn thanks to a surge in core operational revenues.
DHCOG, which runs four businesses operating in 24 countries, reported a 178 percent increase in net profit from Dh1.2bn from last year, the company said in an emailed statement yesterday.
During the year, total revenues rose by 27 percent to Dh11.6bn, while total assets reached Dh116bn.
Dubai Holding Commercial Operations Group incorporates hotels group Jumeirah, business park TECOM Investments and Emirates International Telecommunications aside from a real estate division, Dubai Properties Group, the company said. Reuters
