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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Mubadala’s half-yearly profits jump five-fold

Posted on 05 October 2012

A ramp-up of semiconductor production in the New York plant of its subsidiary Globalfoundries has helped Mubadala Development Company — an investment arm of Abu Dhabi government, to record a 455 per cent jump in its profits to Dh1.1 billion during the first half of the current year, up from Dh198 million for H1 2011.
This was “driven by a combination of increased operating income, improvements in the fair value of investments and lower impairments,” the company said in a statement………………………………………..Full Article: Source


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