Dubai Financial Market posts $14.6m profit in Q1

02 May 2010

(MENAFN) A statement issued by Dubai Financial Market (DFM) said that it made $14.6 million net profit of in the first quarter, down 8 percent from the year-earlier period, Reuters reported.

The DFM said that it made revenues of $24.6 million in the three-month period, compared to $25.94 million in the first quarter last year.

According to the statement, operating expenses were constant at $4.8 million, and trading value in the quarter grew to $7.89 billion, up 5 percent from a year earlier.

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