The company, in which sovereign fund Investment Corporation of Dubai (ICD) owns an 11.5-percent stake, made a third-quarter net profit of AED24.9 million ($6.8 million), compared with a net profit of AED213.61 million in the same three months of 2010.
The results were below the expectations of the company’s Chief Executive Khalid bin Kalban, who said last month that he saw a profit of AED30 million.
The company made a loss of AED19.4 million on fair value of investments in the quarter, compared with a gain of nearly AED37 million in the corresponding period in 2010.
Dubai Investments is involved in several sectors ranging from real estate to manufacturing. Its manufacturing business faced setbacks due to regional unrest in key markets like Libya, Syria and Yemen.
The company said last month it had secured AED700 million of a planned AED1.2 billion loan.
Shares of Dubai Investments ended Thursday 2.6 percent higher, with earnings announced after the close of trading.
