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FINANCIAL NEWS
Dubai’s DFM reports USD19m profit in Q2
22 Jul 2013
(MENAFN) Dubai Financial Market (DFM) reported a jump in quarterly profits on higher trading values and renewed interest among investors lured by an economic recovery in the emirate, Reuters reported.
The Dubai bource operator said it made USD18.9 million net profit during the second quarter, up from USD2.77 million a year earlier.
DFM also reported USD30.7 million revenue in the April-June period, more than double USD13.5 million a year ago.
That was driven by higher by trading commissions, which were boosted by a 222 percent jump in the bourse’s value of stock traded year-on-year in the quarter.
Profit for the first six months of 2013 was USD26.27 million, a 138 percent increase on the same period of 2012.
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