DFM’s nine-month net profit rises 26% to reach AED120m

DFM’s nine-month net profit rises 26% to reach AED120m

Dubai / WAMDubai Financial Market Company (DFM) announced its financial results for the first nine months of the year ending September 30, registering a net profit of AED120.1 million, a 26 percent increase from AED95.5 million in the same period of 2019. Net profit of the third quarter of this year increased 35 percent to AED41.1million, compared to AED 30.4 million in the corresponding period of 2019. Total revenue reached to AED271 million during the nine months compared to AED 241.6 million during the corresponding period of 2019. The revenue is comprised of AED175.2 million of operating income and AED 95.8 million of investment returns and other income. Company expenses reached AED150.9 million by the end of September compared to AED146.1 million in the same period of 2019. During the third