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MarketScreener Homepage  >  Equities  >  DUBAI FINANCIAL MARKET  >  Dubai Financial Market (DFM) P.J.S.C    DFM   AED000901010

DUBAI FINANCIAL MARKET (DFM) P.J.S.C

(DFM)
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End-of-day quote. End-of-day quote DUBAI FINANCIAL MARKET - 01/20
0.94 AED   -2.19%
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Dubai Financial Market : Investments generates AED 202m profit in Q1

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05/05/2019 | 06:42am EST

Total assets increased to AED 20.11 billion in Q1-19

Dubai InvestmentsDIC

-1.43% 1.38 -0.02

Dubai – Mubasher: Dubai Investments Company (DIC) reported a 44% year-on-year drop in its profits for the first quarter of 2019.

Net profits amounted to AED 202 million in Q1-19, compared to AED 361.9 million in Q1-18, according to DIC’s statement to the Dubai Financial Market (DFM) on Sunday.

“The net profit for Q1 2019 has increased by AED 118 million. This is mainly due to an increase in gain on fair valuation of investments which is quite encouraging as it indicates improving market conditions,” Khalid bin Kalban, managing director and CEO of DIC, commented.

Total assets increased to AED 20.11 billion in the three-month period ended in March, while the annualised return on equity achieved for the period was 6.4%, the Dubai-based investment group noted.

“The Company’s outlook for the remaining of 2019 is positive with various real estate developments nearing completion and expected a recovery of the manufacturing and contracting segment which will further be boosted by the acquisition of Globalpharma,” bin Kalban added.

Source: Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (AED)
Sales 2019 255 M
EBIT 2019 127 M
Net income 2019 127 M
Finance 2019 3 451 M
Yield 2019 1,06%
P/E ratio 2019 47,0x
P/E ratio 2020 31,3x
EV / Sales2019 15,9x
EV / Sales2020 8,95x
Capitalization 7 516 M
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 0,95  AED
Last Close Price 0,94  AED
Spread / Highest target 25,5%
Spread / Average Target 1,33%
Spread / Lowest Target -14,9%
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Managers
NameTitle
Essa Abdulfattah Kazim Al-Mulla Chairman
Hassan Abdul Rahman Al-Serkal Chief Operating Officer, EVP & Head-Operations
Maryam Mohammed Fikri COO, EVP, Head-Clearing, Settlement & Depository
Ali Al-Hashimi Executive VP & Head-Financial Services Division
Rashed Hamad Rahma Al-Shamsi Vice Chairman