* Investment writedowns hit bottom line
* Assets up, operational gains in aerospace, oil and gas
(Adds CEO comment)
ABU DHABI, March 24 (Reuters) - The Abu Dhabi government's investment vehicle Mubadala [MUDEV.UL] posted a loss of 315 million dirhams ($85.8 million) in 2010 due to mark to market writedowns, it said on Thursday.
The unlisted investment group, which holds stakes in Advanced Micro Devices Inc (AMD.N), General Electric (GE.N) and private equity firm Carlyle [CYL.UL], also said it boosted its total assets by 14 percent to 101.5 billion dirhams in 2010.
Mubadala Chief Executive Khaldoon Khalifa al-Mubarak said in a statement that strong operational results helped to underpin results, which showed a profit of 1.1 billion dirhams before taking into account the investments impairments.
"The strength of our operations underpinned Mubadala's financial performance," Mubarak said in a statement.
Revenue rose 22 percent year-on-year to 16 billion dirhams, helped by its aerospace, infrastructure and oil and gas businesses, Mubadala said.
"The increase in revenue year-on-year was largely driven by the strong performance in the aerospace, infrastructure and oil and gas businesses which all realised significant growth in their operating income," the statement said.
Mubadala, one of few state-controlled vehicles to publish results, also owns stakes in local companies including indebted developer Aldar Properties ALDAR.AD and struggling cooling firm Tabreed TABR.DU. ($1=3.672 Uae Dirham) (Reporting by Stanley Carvalho, editing by Reed Stevenson and Hans Peters)
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