DFM Company posts 63% growth in net profit of first half of 2022 to AED 63.4 mln

DFM Company posts 63% growth in net profit of first half of 2022 to AED 63.4 mln

- Trading value up 75% to AED 49.4 Billion and market capitalization up 28.2% to AED 527 Billion

- Positive performance driven by the deep confidence in DFM’s prospects amidst accelerating steps to implement Dubai’s financial markets development strategy

- Number of new investors up 38 times to 70,432 investors in a strong indication on the growing investment demand

Dubai: Dubai Financial Market (PJSC) today announced its consolidated financial results for the first half of the year ended 30 June 2022, posting a 63% increase in its net profit to AED 63.4 Million compared to AED 38.8 Million during the corresponding period of 2021. The net profit of the second quarter of 2022 increased by 134% to AED 35.9 Million compared to Q2- 2021’s level of AED 15.3 Million.

The Company’s total consolidated revenue reached AED 163.8 Million in H1-2022 compared to AED 136.6 Million during H1-2021. The revenue comprised of AED 121.4 Million of operating income and AED 42.4 Million of investment income & others.

The Company’s expenses amounted to AED 100.4 Million compared to AED 97.8 Million recorded during H1-2021. During the second quarter of 2022, the Company’s revenue reached AED 85.2 Million compared to AED 63.2 Million in the second quarter of