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Dubai: Abu Dhabi Investment House on Sunday reported a 47 per cent increase in net profit to Dh220 million for 2007, distributing a cash divid-end of 30 per cent (Dh0.3 per share).
Chairman Jowa'an Awaidha Al Khaili said: "This is the most successful year for ADIH. This is attributed to clear strategy and business model focused on identifying unique investment opportunities that yield high risk adjusted return to investors.
"This was also assisted by our relationship with the investors, exploiting market conditions with robust economies and flexible government strategies, where ADIH operates."
The operating income for the year was Dh304 million due to the company's investment under strategic plans to build its capabilities, developing new business, opening of new offices in Bahrain and Geneva and on the development of the company's human resources.
Return on capital increased significantly since ADIH's inception. In 2005, RoC was 20 per cent, increasing to 75 per cent in 2006, and further growing to 110 per cent in 2007, while net assets per share increased by 58 per cent in 2007 to Dh3.03 per share compared to Dh1.92 per share in 2006.
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