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FINANCIAL NEWS
Dubai Financial Market posts USD106,200 net profit in Q4
27 Feb 2012
(MENAFN) Dubai Financial Market (DFM) said that net profit in the fourth quarter reached USD106,200, compared with USD304,837 recorded in 2010’s same period, reported Reuters.
The Arab world’s only listed bourse added that during the period, it focused on new revenue streams and reduced its reliance on commissions.
On the other hand, the DFM Group, which includes Nasdaq Dubai, said that revenues for the full 2011 year reached USD48.03 million, whereas net loss for the period was USD1.87 million, compared with a net profit of USD21.47 million in the previous year.
It is worth mentioning that in 2011, DFM index booked losses of 17 percent, to become the worse-performing Gulf bourse.
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