The company reported a net profit of AED101.1 million ($27.53 million) for the period to March 31, compared with AED277.7 million in the prior-year, it said in a statement to the bourse.
Net cash from operating activities fell to AED19.1 million from AED59.4 million in the first quarter in 2010, the statement said.
The loss on net cash in investing activities widened to AED57.4 million from a loss of AED38.3 million.
Dubai Investments, in which the emirate’s sovereign wealth fund Investment Corporation of Dubai (ICD) has a stake, is involved in sectors from real estate to manufacturing.
In April, it said it was in talks with banks for a AED1.2 billion loan as it looks to expand operations.
The company also said earlier that it plans to sell 30 percent of private equity unit Masharie through an IPO before June 30.
Earnings were released ahead of the Dubai market open, but shares in Dubai Investments are up 12.6 percent higher this year.
