Dunia Group posts Dh73m net profit

10 April 2017

DUBAI - Dunia Group registered a full year profit of Dh73.1 million for the financial year ended December 31, 2016. This included Dunia Finance (dunia) reporting a net profit of Dh71.3 million and Dunia Services reporting a net profit of Dh1.8 million.

Dunia Group recorded operating income of Dh879.2 million in 2016, an increase of 7.3 per cent over the same period in 2015. It announced an aggregate dividend of Dh56 million for 2016, maintaining a six-year track record of dividend distribution.

During 2016, dunia saw a 21 per cent increate in customers. Total customer assets were prudently maintained at the prior year level of Dh1.96 billion. Dunia's balance sheets remains strong with a growth in cash and deposits of 54 per cent over the prior year to Dh 202.5 million.

- business@khaleejtimes.com