DFM posts 63% growth in net profit of H1 2022 to AED63.4 million

DFM posts 63% growth in net profit of H1 2022 to AED63.4 million

DUBAI, 29th July, 2022 (WAM) -- The Dubai Financial Market (DFM) has announced its consolidated financial results for the first half of the year ended 30th June 2022, posting a 63% increase in its net profit to AED63.4 million compared to AED38.8 million during the corresponding period of 2021.

The net profit of the second quarter of 2022 increased by 134% to AED35.9 million compared to Q2- 2021's level of AED15.3 million.

The Company's total consolidated revenue reached AED163.8 million in H1-2022 compared to AED136.6 million during H1-2021. The revenue comprised of AED121.4 million of operating income and AED42.4 million of investment income & others.

The Company's expenses amounted to AED100.4 million compared to AED97.8 million recorded during H1-2021. During the second quarter of 2022, the Company's revenue reached AED85.2 million compared to AED63.2 million in the second quarter of 2021, while expenses amounted at AED49.3 million compared to AED47.9 million during Q2-2021.

Commenting on the announcement, Helal Al Marri, DFM Chairman, said, "The DFM has witnessed a positive performance driven by the increasing interest from various market participants and the deep confidence in its prospects in light of the accelerating steps to implement Dubai's financial markets development strategy. During the first half, the