Comments about Dubai Investment Company PJSC Q1 2007 results
Calculations below are an attempt to separate operating income from investment
and other income. Weighted average number of shares (allowing for 10% share
dividend) used in calculations. Actual number of shares outstanding after
record date is 2,170,740,000.
Calculations used on Profit & Loss statement
2006Q1
2007Q1
Contract & Other Revenue
160789000
259961000
Charter Income
14693000
5792000
Property Income
49175000
87685000
Interest Income
16625000
6488000
Dividend Income
1854000
1491000
Revenue Total
243136000
361417000
less Direct Operating Costs
(146548000)
(227513000)
Gross Profit
96588000
133904000
Sale of Properties
14181000
36063000
Gain on Investment Property Sale
0
33815000
Profit on Sale of Investments
4108000
0
Gains in Investment Property Valuations
223469000
288838000
Gain (Loss) on Investment Valuation FVs
(32254000)
13197000
Other Income
7783000
11440000
Other Income Total
217287000
383353000
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