DFM posts Dhs78.9 million net profit in first half – Gulf Today

DFM posts Dhs78.9 million net profit in first half – Gulf Today

DFM posts Dhs78.9 million net profit in first half

4 hours ago

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Business Bureau, Gulf Today

Dubai Financial Market (DFM) on Monday announced its financial results for the first half of the year ending 30 June 2020, registering a 21% increase in its net profit to Dhs78.9 million compared to Dhs65.1 million during the corresponding period of 2019. The net profit of the second quarter of 2020 reached Dhs44.2 million, a 20% increase compared to Q2- 2019's level of Dhs37 million.

The Company recorded a total revenue of Dhs181.1 million in H1-2020 compared to Dhs163.5 million during H1- 2019. The revenue comprised of Dhs115.3 million of operating income and Dhs65.8 million of investment returns. The Company expenses reached Dhs102.2 million compared to Dhs98.4 million recorded during H1-2019.

During the second quarter of 2020, the Company's revenue reached Dhs92.9 million compared to Dhs85.6 million in the second quarter of 2019, while expenses amounted at Dhs48.7 million compared to Dhs48.6 million during Q2-2019.

Commenting on the key developments and achievements of the first half, Essa Kazim, Chairman of the Dubai Financial Market Company said: "During the first six months of 2020, the DFM's trading value has exceeded Dhs31 billion, a 25% increase