DFM’s Q1 net profit hits AED102.34mn

DUBAI / WAM

The Dubai Financial Market Company (DFM) announced its financial results for the first quarter of the year ending 31 March 2017, reporting a net profit of AED102.34 million, 19% increase compared to AED86 million during the corresponding period of 2016.
The company’s total revenue has grown by 18% to AED149.34 million in Q1 of 2017 compared to AED127 million during Q1 in the previous year. The revenues are comprised of AED122 million of operating income and AED27.34 million of investment returns. Meanwhile, operating expenses reached to AED47 million during Q1 2017 compared to AED46.2 million during the same period of 2016.
Essa Kazim, DFM Chairman said, “The company’s revenue and profit witnessed a healthy upsurge during first quarter of 2017 due to DFM’s sustainable attractiveness to various market participants supported by a world-class infrastructure and regulations in line with international best practices. This drive has gained momentum with the implementation of numerous
initiatives that played a pivotal role in achieving this performance.”