(MENAFN) Dubai Holding Commercial Operations Group (DHCOG) logged a net profit of USD1.27 billion for 2014, marking a 42 percent increase over the previous year, Arabian Business reported.
DHCOG, a division of Dubai Holding which operates several businesses including hotel group Jumeirah and Dubai Properties Group, registered revenues of USD3.59 billion, marking a 14 percent increase.
"DHCOG is delivering consistently growing recurring revenue streams, which enables us to take advantage of emerging opportunities in further support of Dubai's diversification strategy," The chairman of Dubai Holding said.
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