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FINANCIAL NEWS
Dubai bourse reports sharp drop in H1 profits
25 Jul 2010
(MENAFN) Dubai Financial Market (DFM) Company has registered a 57 percent drop in its net profit for the first half which fell to $21.65 million from $50.3 million in the corresponding period last year, Khaleej Times reported.
DFM said its net profit for the second quarter stood at $7.05 million. The company netted $19 million in revenues during the period, which comprised $14 million of operating income and $4.96 million representing the return on investments.
DFM Company?s revenue and profit was affected by a 32 percent decline in trading value during the second quarter of the year which fell to $5.2 billion compared to $7.2 billion in the first quarter, the statement added.
More News
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BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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