Bourse operator Dubai Financial Market Co, or DFM, said Saturday its net profit for the second quarter dropped 31 per cent to Dh10.2m ($2.78 million) on lower revenues. The mainly operator of the Dubai bourse said its second-quarter revenue fell 23 per cent to Dh49.6 million from Dh64.6 million in the same quarter of 2011. First-half net profit, however, more than doubled to Dh40.6 million compared with the year earlier period, the DFM said in an emailed statement The company said its first-half total revenue increased 4.8 per cent to Dh118.7 million compared with a year earlier while its expenses fell 19 per cent to Dh78.1 million over the same period. As the trading commissions represent the main revenue stream, the significant improvement of DFM trading activity since the beginning of the year has left its positive mark on the company’s revenue and profit,” Abdul Jalil Darwish, DFM’s chairman, said in the statement. From:Gulfnews
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor