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FINANCIAL NEWS
UAE- DFM posts 11.5% drop in Q1 profit
09 May 2013
(MENAFN) Dubai Financial Market Company’s Chairman, Abdul Jalil Yousuf Darwish, stated that the company’s profit fell by 11.5 percent in the first quarter, reaching USD7.34 million, down from USD8.30 million in 2012’s same period, reported Mondo Visione.
Darwish added that quarterly revenue dipped by 5 percent to USD17.88 million, from USD18.80 million a year earlier.
Furthermore, the Gulf’s only listed bourse’s operating expenses were nearly flat, at USD10.53 million.
In the 3-month period, the DFM trading value rose by 1.7 percent, reaching USD5.66 billion, up from USD5.55 billion last year.
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